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Peace economics and peaceful economic policies

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  • Raul Caruso

    (Catholic University of the Sacred Heart, Milan, Italy)

Abstract

This article outlines pillars of peace economics and peaceful economics policies. It first highlights Kenneth Boulding’s contribution to peace economics. In particular, substantial attention is paid to his conception of three systems that govern social life, namely the exchange system, the threat system, and the integrative system. Examples are produced to describe the differences between and among them. Second, in light of Boulding’s views, a workable definition of peace is proposed and associated suggestions for peaceful economic policy are made. Three aspects are underlined: The establishment of consensual democracies, the setting of a novel economic policy target—namely the ratio of public education expenditure to military expenditure—and the pursuit of stricter regulations on the international arms trade.

Suggested Citation

  • Raul Caruso, 2017. "Peace economics and peaceful economic policies," Economics of Peace and Security Journal, EPS Publishing, vol. 12(2), pages 16-20, October.
    • Handle: RePEc:epc:journl:v:12:y:2017:i:2:p:16-20
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    File URL: http://www.epsjournal.org.uk/index.php/EPSJ/article/view/294
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    References listed on IDEAS

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    Cited by:

    1. Raul Caruso & Anna Balestra, 2022. "Should education and military expenditures be combined for government economic policy?," Economics of Peace and Security Journal, EPS Publishing, vol. 17(1), pages 37-54, April.
    2. Anna Balestra & Raul Caruso, 2024. "Education and Military Expenditures: Countervailing Forces in Designing Economic Policy. A Contribution to the Empirics of Peace," DISCE - Quaderni del Dipartimento di Politica Economica dipe0035, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).

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    More about this item

    Keywords

    Peace economics;

    JEL classification:

    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War

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