Beyond deterrence and decline. Towards a general understanding of peace economics

Raul Caruso ()

Rivista Internazionale di Scienze Sociali, 2015, vol. 123, issue 1, 57-74

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 F53 H56 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Beyond Deterrence and Decline. Towards a General Understanding of Peace Economics (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:vep:journl:y:2015:v:123:i:1:p:57-74

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