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.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: peace; war; development; military expenditures; butter, guns and ice-cream
• Subjects: D - Microeconomics > D7 - Analysis of Collective Decision-Making > D74 - Conflict ; Conflict Resolution ; Alliances ; Revolutions; F - International Economics > F5 - International Relations, National Security, and International Political Economy > F51 - International Conflicts ; Negotiations ; Sanctions; F - International Economics > F5 - International Relations, National Security, and International Political Economy > F55 - International Institutional Arrangements; H - Public Economics > H5 - National Government Expenditures and Related Policies > H56 - National Security and War

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