The Political Economy of Terrorism

Presenting a widely accessible approach to the study of terrorism, this volume combines economic methods with political analysis and realities. It applies economic methodology--theoretical and empirical--with political analysis to the study of domestic and transnational terrorism, to provide a qualitative and quantitative investigation of terrorism in a balanced up-to-date presentation for students, policymakers, researchers, and the general reader. Included are historical aspects of the phenomenon, a discussion of watershed events, the rise of modern-day terrorism, examination of current trends, the dilemma of liberal democracies, evaluation of counterterrorism, and analysis of hostage incidents.

This book analyzes the political, economic, strategic and historical dimensions of terrorism.

The Political Economy of Terrorism presents a widely accessible approach to the study of terrorism that combines economic methods with political analysis and realities. It applies economic methodology - theoretical and empirical - with political analysis to the study of domestic and transnational terrorism. In so doing, the book provides both a qualitative and quantitative investigation of terrorism in a balanced up-to-date presentation that informs students, policymakers, researchers, and the general reader of the current state of knowledge of the subject.

Walter Enders holds the Bodgood Chair of Economics and Finance at the University of Alabama. He has published numerous research articles in eminent journals such as the Review of Economics and Statistics, Quarterly Journal of Economics, American Economic Review, Journal of Economics Literature, Journal of Business and Economic Statistics, and the American Political Science Review. Professor Enders's Applied Econometric Time-Series is a leading book in the field. He is a current holder (along with Todd Sandler) of the National Academy of Sciences' Estes Award for Behavioral Research Relevant to the Prevention of Nuclear War for their pathbreaking work on understanding terrorism.Todd Sandler holds the Robert R. and Katheryn A. Dockson Professorship of International Relations and Economics at the University of Southern California. He has written or edited nineteen books, including Global Collective Action, Economic Concepts for the Social Sciences, The Political Economy of NATO (with Keith Kartley) and Global Challenges: An Approach to Economic, Political, and Environmental Problems, all published by Cambridge University Press, as well as over two hundred journal articles in economics and political science. Professor Sandler's work on terrorism dates back to 1983. In 2003 he was the co-recipient (with Walter Enders) of the National Academy of Sciences Award for Behavioral Research Relevant to the Prevention of Nuclear War.

1. Terrorism: an introduction; 2. The dilemma of liberal democracies; 3. Statistical studies and terrorist behavior; 4. Counterterrorism; 5. Transference; 6. International cooperation: dilemma and inhibitors; 7. Hostage taking; 8. After 9/11; 9. Economic impact of transnational terrorism; 10. Homeland security; 11. The future of terrorism.