Beyond Deterrence and Decline Towards a General Understanding of Peace Economics
14 Pages Posted: 19 May 2015
Date Written: May 19, 2015
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: Suggested Citation