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Peace Economics
Peace economics is a branch of conflict economicsSilwal, Shikha B., Charles H. Anderton, Jurgen Brauer, Christopher J. Coyne, and J. Paul Dunne. (2021). The Economics of Conflict and Peace: History and Applications. Cambridge, UK: Cambridge University Press. and focuses on the design of the sociosphere's political, economic, and cultural institutions and their interacting policies and actions with the goal of preventing, mitigating, or resolving violent conflict within and between societies. This violent conflict could be of any type and could involve either latent or actual violence. Recognizing the cost of violence, peace economics focuses on the benefits of (re)constructing societies with a view toward achieving irreversible, stable peace. Along with approaches drawn from other areas of scholarship, peace economics forms part of peace science, an evolving part of peace and conflict studies. Despite overlaps, peace economics is distinct from war, military, defense, and security e ...
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Conflict Economics
Conflict economics is a branch of economics that puts the allocation of resources by means of violent fighting, i.e. conflict, into economic models. In traditional economics, appropriation is a non-violent process that is guaranteed by perfect property rights and their costless enforcement. Conflict economics sheds a different light on appropriation. It is set in a model of contest between two players. Conflict economics introduces the idea that agents have to decide between production of resources and production of guns, i.e. tools that have the sole purposes of appropriating the resources produced by the other player. Different models are introduced to illustrate various situations that have similarities to real life conflicts. Resource conflict model Two parties contest a given resource Z. The player who wins the contest claims the entire resource, not leaving anything for the losing party. The probabilities of winning are determined by each party’s choice of guns. Guns vs. ...
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Economic Connections Between US, EU, China, Russia And India
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. How ...
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Carthaginian Peace
A Carthaginian peace is the imposition of a very brutal "peace" intended to permanently cripple the losing side. The term derives from the peace terms imposed on the Carthaginian Empire by the Roman Republic following the Punic Wars. After the Second Punic War, Carthage lost all its colonies, was forced to demilitarize, paid a constant tribute to Rome and was barred from waging war without Rome's permission. At the end of the Third Punic War, the Romans systematically burned Carthage to the ground and enslaved its population. Origin The term was popularized by the 20th century economist John Maynard Keynes. The term refers to the outcome of a series of wars between Rome and the Phoenician city of Carthage, known as the Punic Wars. The two empires fought three separate wars against each other, beginning in 264 BC and ending in 146 BC. At the end of the Third Punic War, the Romans laid siege to Carthage. When they took the city, they killed most of the inhabitants, sold the rest in ...
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Paris Peace Conference, 1919
Paris () is the Capital city, capital and List of communes in France with over 20,000 inhabitants, most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the List of cities proper by population density, 30th most densely populated city in the world in 2020. Since the 17th century, Paris has been one of the world's major centres of finance, diplomacy, commerce, Fashion capital, fashion, gastronomy, and science. For its leading role in the arts and sciences, as well as its very early system of street lighting, in the 19th century it became known as "the City of Light". Like London, prior to the Second World War, it was also sometimes called Caput Mundi#Paris, the capital of the world. The City of Paris is the centre of the Île-de-France Regions of France, region, or Paris Region, with an estimated population of 12,262,544 in 2019, or about 19% of the population of France, making the ...
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Cordell Hull
Cordell Hull (October 2, 1871July 23, 1955) was an American politician from Tennessee and the longest-serving U.S. Secretary of State, holding the position for 11 years (1933–1944) in the administration of President Franklin Delano Roosevelt during most of World War II. Before that appointment he represented Tennessee for two years in the United States Senate and twenty-two years in the House of Representatives. Hull received the Nobel Peace Prize in 1945 for his role in establishing the United Nations, and was referred to by President Roosevelt as the "Father of the United Nations". Early life and education Cordell Hull was born in a log cabin in Olympus, Tennessee, which is now part of Pickett County, Tennessee, but was then part of Overton County. He was the third of the five sons of William Paschal Hull (1840–1923) and Mary Elizabeth Hull (née Riley) (1841–1903). His brothers were named Orestes (1868), Sanadius (1870), Wyoming (1875), and Roy (1881). Hull's ...
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Franklin Delano Roosevelt
Franklin Delano Roosevelt (; ; January 30, 1882April 12, 1945), often referred to by his initials FDR, was an American politician and attorney who served as the 32nd president of the United States from 1933 until his death in 1945. As the leader of the Democratic Party, he won a record four presidential elections and became a central figure in world events during the first half of the 20th century. Roosevelt directed the federal government during most of the Great Depression, implementing his New Deal domestic agenda in response to the worst economic crisis in U.S. history. He built the New Deal Coalition, which defined modern liberalism in the United States throughout the middle third of the 20th century. His third and fourth terms were dominated by World War II, which ended in victory shortly after he died in office. Born into the prominent Roosevelt family in Hyde Park, New York, he graduated from both Groton School and Harvard College, and attended Columbia Law Sc ...
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Donald Markwell
Donald John Markwell (born 19 April 1959) is an Australian social scientist, who has been described as a "renowned Australian educational reformer". He was appointed Head of St Mark's College, Adelaide, from November 2019. He was Senior Adviser to the Leader of the Government in the Australian Senate from October 2015 to December 2017, and was previously Senior Adviser on Higher Education to the Australian Minister for Education. Early life and education Markwell was born in Quilpie, Queensland. He was educated at Brisbane Grammar School followed by the University of Queensland, the University of Oxford (where he was the 1981 Rhodes Scholar for Queensland) and Princeton University. He studied economics, law and international relations. Career Markwell was a Research Fellow of New College, Oxford, from 1985 to 1986, and then a Fellow and Tutor in Politics at Merton College, Oxford, from 1986 to 1997. He served as a reforming Warden (CEO) of Trinity College (University of Melbour ...
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John Maynard Keynes
John Maynard Keynes, 1st Baron Keynes, ( ; 5 June 1883 – 21 April 1946), was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. One of the most influential economists of the 20th century, he produced writings that are the basis for the school of thought known as Keynesian economics, and its various offshoots. His ideas, reformulated as New Keynesianism, are fundamental to mainstream macroeconomics. Keynes's intellect was evident early in life; in 1902, he gained admittance to the competitive mathematics program at King's College at the University of Cambridge. During the Great Depression of the 1930s, Keynes spearheaded a revolution in economic thinking, challenging the ideas of neoclassical economics that held that free markets would, in the short to medium term, a ...
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Alfred Marshall
Alfred Marshall (26 July 1842 – 13 July 1924) was an English economist, and was one of the most influential economists of his time. His book '' Principles of Economics'' (1890) was the dominant economic textbook in England for many years. It brought the ideas of supply and demand, marginal utility, and costs of production into a coherent whole. He is known as one of the founders of neoclassical economics. Life and career Marshall was born at Bermondsey in London, second son of William Marshall (1812–1901), clerk and cashier at the Bank of England, and Rebecca (1817–1878), daughter of butcher Thomas Oliver, from whom, on her mother's death, she inherited property. William Marshall was a devout strict Evangelical, "author of an Evangelical epic in a sort of Anglo-Saxon language of his own invention which found some favour in its appropriate circles" and of a tract titled ''Men's Rights and Women's Duties''. Marshall had two brothers and two sisters; a cousin was the eco ...
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John Stuart Mill
John Stuart Mill (20 May 1806 – 7 May 1873) was an English philosopher, political economist, Member of Parliament (MP) and civil servant. One of the most influential thinkers in the history of classical liberalism, he contributed widely to social theory, political theory, and political economy. Dubbed "the most influential English-speaking philosopher of the nineteenth century", he conceived of liberty as justifying the freedom of the individual in opposition to unlimited state and social control. Mill was a proponent of utilitarianism, an ethical theory developed by his predecessor Jeremy Bentham. He contributed to the investigation of scientific methodology, though his knowledge of the topic was based on the writings of others, notably William Whewell, John Herschel, and Auguste Comte, and research carried out for Mill by Alexander Bain. He engaged in written debate with Whewell. A member of the Liberal Party and author of the early feminist work '' The Subjection ...
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John Bright
John Bright (16 November 1811 – 27 March 1889) was a British Radical and Liberal statesman, one of the greatest orators of his generation and a promoter of free trade policies. A Quaker, Bright is most famous for battling the Corn Laws. In partnership with Richard Cobden, he founded the Anti-Corn Law League, aimed at abolishing the Corn Laws, which raised food prices and protected landowners' interests by levying taxes on imported wheat. The Corn Laws were repealed in 1846. Bright also worked with Cobden in another free trade initiative, the Cobden–Chevalier Treaty of 1860, promoting closer interdependence between Great Britain and the Second French Empire. This campaign was conducted in collaboration with French economist Michel Chevalier, and succeeded despite Parliament's endemic mistrust of the French. Bright sat in the House of Commons from 1843 to 1889, promoting free trade, electoral reform and religious freedom. He was almost a lone voice in opposing the C ...
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Richard Cobden
Richard Cobden (3 June 1804 – 2 April 1865) was an English Radical and Liberal politician, manufacturer, and a campaigner for free trade and peace. He was associated with the Anti-Corn Law League and the Cobden–Chevalier Treaty. As a young man, Cobden was a successful commercial traveller who became co-owner of a highly profitable calico printing factory in Sabden but lived in Manchester, a city with which he would become strongly identified. However, he soon found himself more engaged in politics, and his travels convinced him of the virtues of free trade (anti-protection) as the key to better international relations. In 1838, he and John Bright founded the Anti-Corn Law League, aimed at abolishing the unpopular Corn Laws, which protected landowners' interests by levying taxes on imported wheat, thus raising the price of bread. As a Member of Parliament from 1841, he fought against opposition from the Peel ministry, and abolition was achieved in 1846. Another free tra ...
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