Economists for Peace and Security

The Economics of Peace and Security Journal

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A publication by Economists for Peace and Security

On the relative cost of mediation and military intervention
Dietrich Fischer

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

Noting that the cost of war-prevention is much less than that of war and its aftermath, the article discusses options for a United Nations Institute for Mediation, a U.N. Security Insurance Agency, and an International Security Commission. It suggests that just as in the course of history, humans have abolished a number of institutions we now consider inhuman – cannibalism, ritual sacrifice, slavery, absolute monarchy, and most recently colonialism – it is possible, even likely, that some day war will follow and will be considered as equally abhorrent as we consider cannibalism today.

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