The Wages of Peace. Disarmament in a Small Industrialized Economy


Cappelen, Ådne; Olav Bjerkholt & Nils Petter Gleditsch (1994) The Wages of Peace. Disarmament in a Small Industrialized Economy. London.

With the end of the Cold War, many nations have set about cutting their miliatry spending, and visions of a large 'peace dividend' have emerged. Yet, even today, the arms race remains one of the major problems of humankind, and one of the most unproductive.

This book charts a middle course between extravagant claims about the improvements in welfare, development and enviroment to be funded by the peace dividend, and the dire assessments of how militarized economies will collapse as a result of disamament, spiced with warnings that the peace dividend may allready be squandered.

Based on a decade of studies, many caried out for the United Nations and its specialized agencies, this book breaks new ground in applying comprehensive models to examine the economic and enviromental effect of disarmament at the global, national and local levels, with a primary focus on Norway. The authors also review the international literature on disarmament and conversion. Their findings are cautiously optimistic and of general relevance to all developed countries. The most important dividend of disarmament is peace itself, but some economic gains may also be achieved.

The Wages Of Peace is the most detailed examination to date of the economic effects of conversion for any country and will be of interest to those working in the field of international economics, peace studies and international studies.


Nils Petter Gleditsch

Nils Petter Gleditsch

Research Professor

Ådne Cappelen

Ådne Cappelen