ABSTRACT
The economic effects of radical Islam have been extensively studied through the consequences of terror inflicted on others. A substantial amount of literature on the topic includes the edited volume by Tilman Brück and Bengt-Arne Wickström.1 In particular, Andrew Chen and Thomas Siems,2 and Rafi Eldor and Rafi Melnik,3 have studied how Islamic terror has affected capital markets. In another branch of investigation, James Yetman4 and Franck et al.5 have addressed the problems and moral dilemmas of defense against terror when terrorists in a population cannot be identified with certainty. Alan Kruger and Jitka Maleckova6 have investigated the relationship between income and perpetration of terror (and conclude that low income is not a catalyst for terror). Tyler Cowen7 and Steven Plaut8 have proposed perspectives on the appropriate response to terror. Also Claude Berrebi and Esteban Klor9 have studied how terror inflicted on a population affects election outcomes.
