New Books in Economics

Stephen G. Brooks, "The Political Economy of Security" (Princeton UP, 2026)

Mar 22, 2026
Stephen G. Brooks, Dartmouth professor and author of The Political Economy of Security, explores how economic forces shape war, terrorism, and civil conflict. He details sixteen economic pathways, shows why trade and development can both calm and inflame violence, and revives Adam Smith’s broad lens. Practical policy ideas and calls for dedicated economic-security teams round out the conversation.
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INSIGHT

Development Shows An Inverse U Relationship With Terrorism

  • Development's effect on terrorism follows an inverse U shape.
  • 13 of 14 studies show very poor and very rich countries have low terrorism while middle-income states see higher terrorism.
INSIGHT

Globalization Shows No Clear Link To Terrorism

  • Globalization variables like trade, FDI, and finance show no consistent effect on terrorism.
  • Brooks' synthesis found no measurable pattern linking trade or FDI to terrorism outcomes.
ADVICE

Avoid Simple Trade Equals Peace Narratives

  • Avoid simplistic policy narratives that claim trade or globalization will always produce peace.
  • Brooks warns policymakers and pundits that such one-sentence claims mislead and risk poor decisions, using US-China opening as an example.
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