Market Incentives to End War

Markets are the most efficient means yet discovered of allocating society’ s scarce resources. Unfortunately, many believe that market forces must inevitably conflict with social goals. So it is important to remind ourselves that market forces and self-interest can fulfil social, as well as private, aspirations.This book introduces a radical new financial instrument, Conflict Reduction Bonds, intended to channel the market’ s incentives and efficiencies into achieving what is perhaps our most urgent and yet remote social objective: the ending for all time of violent political conflict.