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The Capitalist Peace

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  • Erik Gartzke

Abstract

It is widely accepted that democracies are less conflict prone, if only with other democracies. Debate persists, however, about the causes underlying liberal peace. This article offers a contrarian account based on liberal political economy. Economic development, free markets, and similar interstate interests all anticipate a lessening of militarized disputes or wars. This “capitalist peace” also accounts for the effect commonly attributed to regime type in standard statistical tests of the democratic peace.

Suggested Citation

  • Erik Gartzke, 2007. "The Capitalist Peace," American Journal of Political Science, John Wiley & Sons, vol. 51(1), pages 166-191, January.
    • Handle: RePEc:wly:amposc:v:51:y:2007:i:1:p:166-191
    DOI: 10.1111/j.1540-5907.2007.00244.x
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    References listed on IDEAS

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    1. Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65, pages 135-135.
    2. Menzie D. Chinn & Hiro Ito, 2002. "Capital Account Liberalization, Institutions and Financial Development: Cross Country Evidence," NBER Working Papers 8967, National Bureau of Economic Research, Inc.
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