Weapons, Wealth, and the Fates of Societies
Why do weapons sustain durable peace in some societies but provoke perpetual violence in others? We develop a theory in which the value of human life and the frequency of violence are jointly determined by weapons technology and economic conditions. Lethal weapons deter conflict but raise mortality, taxing the future returns to investing in one’s […] The post Weapons, Wealth, and the Fates of Societies appeared first on Marginal REVOLUTION. CommentsA shocking assumption of causation in the fi...
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Marginal Revolution (United States) | May 16, 2026
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