The Wages of Peace: Disarmament in a Small Industrialized Economy

With the end of the Cold War, many nations have set about cutting their military spending, and visions of a large 'peace dividend' have emerged. Yet, even today, the arms race remains one of the major projects of humankind, and one of the most unproductive. The Wages of Peace explores some of the consequences and opportunities stemming from the resulting peace dividend.

This book charts a middle course between extravagant claims about the improvements in welfare, development or the envi…