Economists for Peace and Security

The Economics of Peace and Security Journal

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eps journal
A publication by Economists for Peace and Security

An economic approach to peacemaking and peacekeeping
Lloyd J. Dumas

Vol 1, No 2 - Peacemaking and Peacekeeping, June 2006

The greatest contribution that economics can make to banishing war lies in creating conditions that help keep the peace, especially in the long run. The problem is to identify the set of conditions that will generate positive incentives for nations to keep the peace and work out a set of policies and institutions capable of creating those conditions. The article outlines a few of the most critical conditions and sketches some of the kinds of policies that might help to bring them about.

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