Abstract
We analyse arms races for an environment in which social, human and intellectual capital are more important than physical capital. The Richardson model can be used to analyse the Anglo–German naval race before the First World War and the US–Soviet missile race during the Cold War; in both cases the economic constraint associated with acquiring weapons was the binding constraint. Previously, human and social capital were more important components of military power. Modern technology has reduced the importance of the economic constraints associated with acquiring physical capital. Our model of such a process suggests that a stable equilibrium is unlikely.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
Anderton, C. 1985. A selected bibliography of arms race models and related subjects. Conflict Management and Peace Science 8: 99–122.
Anderton, C. 1989. Arms race modeling: Problems and prospects. Journal of Conflict Resolution 33: 346–367.
Boulding, K. 1978. Future directions in conflict and peace studies. Journal of Conflict Resolution 22: 342–354.
Brito, D. 1972. A dynamic model of an armaments race. International Economic Review 13: 359–375.
Brito, D., and M. Intriligator. 1995. Arms races and proliferation. In Handbook of defence economics, ed. K. Hartley and T. Sandler. Amsterdam: North-Holland.
Brito, D., and M. Intriligator. 1996. Proliferation and the probability of war: A cardinality theorem. Journal of Conflict Resolution 40: 204–212.
Brito, D., and M. Intriligator. 1999. Increasing returns to scale and the arms race: The end of the Richardson paradigm? Defence and Peace Economics 10: 39–54.
Downs, G., and D. Rocke. 1990. Tacit bargaining, arms races, and arms control. Ann Arbor: University of Michigan Press.
Gleditsch, N., and O. Njølstad, eds. 1990. Arms races, technological and political dynamics. London: Sage Publications.
Intriligator, M. 1975. Strategic considerations in the Richardson model of arms races. Journal of Political Economy 83: 339–353.
Intriligator, M. 1982. Research on conflict theory: Analytic approaches and areas of application. Journal of Conflict Resolution 26: 307–327.
Intriligator, M., and D. Brito. 1984. Can arms races lead to the outbreak of war? Journal of Conflict Resolution 28: 63–84.
Isard, W. 1988. Arms races, arms control and conflict analysis. New York: Cambridge University Press.
Isard, W., and C. Anderton. 1985. Arms race models: A survey and synthesis. Conflict Management and Peace Science 8: 27–98.
Nicholson, M. 1999. Review article: Lewis Fry Richardson and the study of the causes of war. British Journal of Political Science 29: 541–563.
Richardson, L. 1960. Arms and insecurity: A mathematical study of the causes and origins of war. Pittsburgh: Boxwood Press.
Author information
Authors and Affiliations
Editor information
Copyright information
© 2018 Macmillan Publishers Ltd.
About this entry
Cite this entry
Brito, D.L., Intriligator, M.D. (2018). Arms Races. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_396
Download citation
DOI: https://doi.org/10.1057/978-1-349-95189-5_396
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
eBook Packages: Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences