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The economic costs of military conflict

Datos Bibliográficos

ID3916561
AutoresRon Smith (0000-0002-5827-2733, Birkbeck, University of London, autor de correspondencia), Ron P Smith (Birkbeck, University of London)
Año2014
Volumen51
Número2
Páginas245-256
Fecha de publicación2014-03-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaJournal of Peace Research (JOURNAL)
Identificadores de la revistaISSN: 0022-3433 • E-ISSN: 1460-3578
EditorialSAGE Publications Inc (PUBLISHER)
DOI10.1177/0022343313496595
OpenAlexW2097590760
IdiomaEN
Citas recibidas12
Referencias citadas29

There is a large literature on the economic costs of military conflict, which uses a variety of methods including accounting procedures, statistical models and event studies of how stock markets respond to news of conflict. This literature is not only subject to all the criticisms directed against cost-benefit analysis but also introduces an element of arbitrariness by not considering benefits. This article uses four questions to structure a discussion of the calculation of conflict costs. The first concerns the purpose of the calculation: why is it being done? The second concerns the counterfactual: what comparison is being made? The third concerns the data: where do the numbers come from? The fourth concerns aggregation and valuation: how are the elements of costs (over outcomes, time and individuals) combined? The literature is often not clear on the answers to these questions, tending to take them for granted. However, the answers are crucial to the calculation and are not merely technical matters but rest on both the underlying objective of the calculation and fundamental philosophical and ethical judgements

Actuarial science · Arbitrariness · Business · Causation · Counterfactual thinking · Economics · Epistemology · Management science · Operations research · Political science · Positive economics · Risk analysis (engineering) · Stock (firearms) · Variety (cybernetics) · Computer Science · Defense, Military, and Policy Studies · Economic Sanctions and International Relations · Engineering · Law · Politics and Conflicts in Afghanistan, Pakistan, and Middle East · Psychology · Social Psychology

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Obras citantes distintas12
Citas por año1
Intervalo de citas2014 - 2026 (13)
Velocidad de citacióncurrent
Altamente citadoNo
Tipos de citaNeutras: 12
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