War-To-Peace Transitions: Balances of Power | The Economics of War & Peace Episode 4

Transcript

(somber music) - Economics can be part of the solution. All too often, it's not. Wars can end, broadly, in either of two ways, either in a negotiated settlement or in a winner-take-all outcome. The advantages of negotiated settlements are, first of all, that it ends the violent sooner, and therefore, avoids the costs of perpetuating a longer war. T... Read More