Charles H. Anderton

Conflict economics contributes to an understanding of violent conflict and peace in two important ways. First, it applies economic concepts and models to help one understand diverse conflict activities such as war, terrorism, genocide, and peace. Second, it treats coercive appropriation as a fundamental economic activity, joining production and exchange as a means of wealth acquisition. In the second edition of their book Principles of Conflict Economics, Anderton and Carter provide comprehensive, up-to-date coverage of the key themes and principles of conflict economics. Along with new scholarship on well-established areas such as war, terrorism and alliances and under-researched areas including genocides, individual and family aspects of war, and conflict prevention, they apply new economic tools to the study of war and peace such as behavioral economics and economics of identity and offer deeper research and policy insights into how to reconstitute societies after large-scale violence.

Conflict economics contributes to an understanding of violent conflict and peace in two important ways. First, it applies economic concepts and models to help one understand diverse conflict activities such as war, terrorism, genocide, and peace. Second, it treats coercive appropriation as a fundamental economic activity, joining production and exchange as a means of wealth acquisition. In the second edition of their book Principles of Conflict Economics, Anderton and Carter provide comprehensive, up-to-date coverage of the key themes and principles of conflict economics. Along with new scholarship on well-established areas such as war, terrorism and alliances and under-researched areas including genocides, individual and family aspects of war, and conflict prevention, they apply new economic tools to the study of war and peace such as behavioral economics and economics of identity and offer deeper research and policy insights into how to reconstitute societies after large-scale violence.

Written for an audience of students, general readers, and economists alike, this Element is a primer on the field of the economics of conflict and peace. It offers a reasonably comprehensive, systematic, and detailed overview - even if in broad strokes - of the field's orthodox and heterodox history of thought and current theories and evidence. The authors view this Element as a baseline account on which to build a future, separate and more fully developed, work on the economics of peace, economic growth, and human development. Altogether, the Element contextualizes the field of conflict and peace economics, outlines its history of thought, highlights examples of current theoretical and empirical scholarship in the field, and maps trajectories for further research.