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.
Caruso, R., Beyond Deterrence and Decline, Towards a General Understanding of Peace Economics, <<RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI>>, 2015; 128 (1): 57-74 [http://hdl.handle.net/10807/68240]
Beyond Deterrence and Decline, Towards a General Understanding of Peace Economics
Caruso, Raul
2015
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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