A systematic study for analyzing the foundational concerns of safety economics was presented in this study. Firstly, safety, its historical background, and the accidental issues in construction were explored. Then, for the sake of this research, safety economists are defined as a multidisciplinary topic that examines the interrelationships and covariation of economics with safety. The cost of safety serves as a bridge between economics and safety in the field of safety economics. The definition of safety economics highlights its function in the choice of safety measures and the amount of money spent on manufacturing. Reviewing the literature highlighted the concerns regarding the economic safety including awareness and tackling the conflicts between safety and economics. At the end, a section highlighted the importance of safety economics in construction was provided.