Beyond Deterrence and Decline. Towards a General Understanding of Peace Economics

Raul Caruso ()

MPRA Paper from University Library of Munich, Germany

Abstract: The aim of this short article is to provide elements for a general discussion on peace economics and its potential contribution to economics and economic policy. I first present a discussion on deterrence equilibria and consequent allocation of resources. Eventually I expound five economic channels through which military expenditures turn to be detrimental for economic development. Finally some elements to build a framework for a peaceful economic policy are presented.

Keywords: peace; war; development; military expenditures; butter, guns and ice-cream (search for similar items in EconPapers)
JEL-codes: D74 F51 F55 H56 (search for similar items in EconPapers)
Date: 2014-10
New Economics Papers: this item is included in nep-hpe and nep-pke
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Related works:
Journal Article: Beyond deterrence and decline. Towards a general understanding of peace economics (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:59505

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