Peace economics is a specialized branch of economics. Peace economics focuses on the design of the sociosphere’s political, economic, and cultural institutions and their interacting policies and actions with the goal of preventing, mitigating, or resolving violent conflict within and between societies. This violent conflict could be of any type and could involve either latent or actual violence. Presuming knowledge of the cost of violence, it focuses on the benefits of (re)constructing societies with a view toward achieving irreversible, stable peace. Together with approaches drawn from disciplines such as anthropology, sociology, psychology and cognitive science, geography and regional science, and political science and international relations, peace economics forms part of peace science,