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This paper develops a definition of Peace Economics. A clear and precise definition is essential to develop a workable economic approach to peacebuilding through economic policy instruments, as well as to properly understand the economic costs and benefits of peace.
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Butter, Guns and Ice Cream Under Climate Shocks: Scarcity Pricing, Predation and Price Stabilization
This preliminary note aims to provide a theoretical model to accommodate the apparent contradictions emerging in the literature on the climate change–violent conflict nexus. In particular it builds on the butter–guns–ice-cream framework of Caruso (2010) to study how climate shocks can influence the emergence of violence between groups when agriculture is the main economic activity.
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Education and Military Spending: Countervailing Forces in Designing an Economic Policy for Peace
This paper contributes to peace research by assessing the viability of an economic policy instrument for sustaining social peace. The central argument posited herein is that the ratio of public investment in education to military expenditure (henceforth referred to as Edumilex) serves as a meaningful instrument for promoting policies conducive to peace.
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A Brussels Effect on Tirana? The Influence of Albania’s EU Candidacy on Domestic Political Functioning
A Brussels Effect on Tirana? The Influence of Albania’s EU Candidacy on Domestic Political Functioning, Cespic Working Paper 2025/01 - Raul Caruso, Konstantina Founta, Emiljan Karma, Christos Kollias
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The Foundation of Peace Economics in the Thought of Kenneth Boulding
