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Beyond Deterrence And Decline Towards A General Understanding Of Peace Economics, Raul Caruso
Beyond Deterrence And Decline Towards A General Understanding Of Peace Economics, Raul Caruso
Raul Caruso
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.