Beyond Deterrence and Decline Towards a General Understanding of Peace Economics

14 Pages Posted: 19 May 2015

See all articles by Raul Caruso

Raul Caruso

Catholic University of the Sacred Heart of Milan

Date Written: May 19, 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.

Keywords: peace; war; development; military expenditures; butter, guns and ice-cream

JEL Classification: H56; D74; F51; F53

Suggested Citation

Caruso, Raul, Beyond Deterrence and Decline Towards a General Understanding of Peace Economics (May 19, 2015). Available at SSRN: https://ssrn.com/abstract=2607897 or http://dx.doi.org/10.2139/ssrn.2607897

Raul Caruso (Contact Author)

Catholic University of the Sacred Heart of Milan ( email )

20123 Milano
Italy

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