Beyond Deterrence and Decline towards a General Understanding of Peace Economics

@inproceedings{Caruso2014BeyondDA,
  title={Beyond Deterrence and Decline towards a General Understanding of Peace Economics},
  author={Raul Caruso},
  year={2014}
}
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… CONTINUE READING