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

Caruso, Raul (2014): Beyond Deterrence and Decline. Towards a General Understanding of Peace Economics.

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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.

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