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Syed Mansoob Murshed has been at the forefront of research in the rational choice approach to conflict. His pioneering work over many years has demonstrated that armed conflict is inseparable from inequality and economic development.This book brings together Murshed's key economic writings on conflict and includes work on conflict causation, sustaining peace agreements, the relationship of conflict and economic progress, the trade-conflict nexus, the effects of conflict on financial deepening and fiscal capacity, as well as case studies of everyday violence and transnational terrorism. The essays cover both theoretical ideas, critical literature reviews, mathematical modelling, and cross-national and subnational econometric empirical analysis.The enduring nature of war and conflict and uneven economic outcomes make Murshed's work of lasting significance.

Political economy - the original name for economics in its entirety - has in recent years witnessed a semantic broadening to include some of the preoccupations of classical economics. This intriguing collection of contributed work is concerned mainly with developments in the neo-classical tradition and examines the role played by rational choice in the decision-making processes of firms and the State. With contributions from leading scholars including Tony Addison, Bruno Frey and Alan Rugman, this book is an important addition to the field of Political Economy and should become essential reading for all economists as well as policy makers.

This excellent new book contains contributions from a number of leading experts and is the result of the UNU/WIDER project on globalization and low-income countries. The discussion focuses in on how to harness globalization for the benefit of present day marginalized countries and enhance their meaningful participation in the globalization process. Vital reading for students and academics interested in development economics, this collection will also prove an invaluable tool for policy-makers.

This article builds on the intellectual legacy of Jan Tinbergen by extending his analysis on welfare and security into a framework involving strategic interaction. I first incorporate welfare and security in terms of interstate tensions into a single utility or payoff function. An uncertain world is characterized by states that are more peaceful, and others where nations are more hostile to each other. Both conflictual and peaceful outcomes lie along a spectrum of hostility short of war. The strategies adopted by the two countries, which promote peace, can be complements or substitutes. This means that they can go up or down in response to increases in the strategies of its rival. I demonstrate that non-cooperative behaviour between nations is Pareto inferior to cooperative behaviour, because the latter is associated with more actions and efforts to promote peace. Cooperative behaviour is akin to Tinbergen's notion of world government. Non-cooperative behaviour by states also leads to moral hazard, and there can be free-riding in joint peaceful behaviour by some nations, particularly when the strategies of the countries are substitutes. The model is extended to aggressive international behaviour, including that mandated by populist plebiscites or election victories, as well as an outline of individual behaviour driven by identity-based politics.

AbstractExistential threats, such as the COVID-19 pandemic, have historically engendered intellectual paradigm shifts, and even systemic transformations in the economy and polity. This paper focuses on two inter-related phenomena: rising economic inequality and the diminution of liberal democracy, a feature common to both developed and developing countries set in the context of a ubiquitous and globalized capitalism. In the post-pandemic world, we need to harness the positive dimensions of the powerful capitalist system to lower inequality and build a newer world akin to an earlier golden age of capitalism.

This paper models conflictive interaction between a West European state and a domestic dissident immigrant Muslim minority group in terms of fear and hatred. The genesis and production of both phenomena are modelled. Identity is crucial and provides the micro-foundations of dissident Muslim behaviour by solving the collective action problem; however, complex multiple identities are possible. Hatred of the West arises both because of the economic disadvantage experienced by Muslims in Europe, as well as historical grievances and contemporary foreign policy deemed to be against the Muslim world. The fear of visible Muslim minorities among the European host population may be partially a result of strident propaganda. The innovations of this paper lie in modelling the interaction between fear (treated like a public good) and hatred (a club good), as well as allowing multiple identities amongst dissidents. Policy implications include creating space allowing Muslim migrants to merge their cultural background with their adopted European identity, and redressing some of the economic disadvantage experienced by Muslims.