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  3. Journal of Economic Literature
  4. December 2009
  5. Learning from Schelling's Strategy of Conflict

Journal of Economic Literature

ISSN 0022-0515 (Print) | ISSN 2328-8175 (Online)

Learning from Schelling's Strategy of Conflict

  • Roger B. Myerson
Journal of Economic Literature
vol. 47, no. 4, December 2009
(pp. 1109–25)
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Abstract

Thomas Schelling's Strategy of Conflict is a masterpiece that should be recognized as one of the most important and influential books in social theory. This paper reviews some of the important ideas in Strategy of Conflict and considers some of the broader impact that this book has had on game theory, economics, and social theory. By his emphasis on the critical importance of information and commitment in strategic dynamics, Schelling played a vital role in stimulating the development of noncooperative game theory. More broadly, Schelling's analysis of games with multiple equilibria has redefined the scope of economics and its place in the social sciences. (JEL D74, F51, H56)

Citation

Myerson, Roger B. 2009. "Learning from Schelling's Strategy of Conflict." Journal of Economic Literature, 47 (4): 1109–25. DOI: 10.1257/jel.47.4.1109

JEL Classification

  • D74 Conflict; Conflict Resolution; Alliances
  • F51 International Conflicts; Negotiations; Sanctions
  • H56 National Security and War