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Interest in economics is at an all-time high. Among the challenges facing the nation is an economy with rapidly rising unemployment, failures of major businesses and industries, and continued dependence on oil with its wildly fluctuating price. Economists have dealt with such questions for generations, but they have taken on new meaning and significance.Tackling these questions and encompassing analysis of traditional economic theory and topics as well as those that economists have only more recently addressed, 21st Century Economics: A Reference Handbook is a must-have reference resource.Key FeaturesProvides highly readable summaries of theory and models in key areas of micro and macroeconomics, helpful for students trying to get a "big picture" sense of the fieldIncludes introductions to relevant theory as well as empirical evidence, useful for readers interested in learning about economic analysis of an issue as well for students embarking on research projectsFeatures chapters focused on cutting-edge topics with appeal for economists seeking to learn about extensions of analysis into new areas as well as new approaches Presents models in graphical format and summarizes empirical evidence in ways that do not require much background in statistics or econometrics, so as to maximize accessibility to students.

The Economics of Civil War
The economics of civil war

Different social sciences have adopted different perspectives in the study of conflict. Most economists have approached this issue using a theoretical perspective and the tools of game theory. During the past two decades, some economists have constructed theoretical models to explain why individuals and groups become involved in a conflictive situation. For an outstanding review on the theoretical literature of the economics of conflict, I strongly recommend reading Garfinkel and Skaperdas (2007).

However, the empirical approach to this topic is still in its early stages. Recently, some researchers have stressed the importance of economic factors in the study of civil war. This chapter will provide a brief overview of the most relevant empirical papers that address this ...

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