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International Crises and the Capitalist Peace

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  • Erik Gartzke
  • J. Joseph Hewitt

Abstract

Recent research suggests that free markets and economic development contribute to a reduction in interstate conflict. This “capitalist peace” has been seen alternately to complement or to supplant the more well-known democratic peace effect. Here, we compare the behavior of democracies and capitalist dyads in the context of the Interstate Crisis Behavior (ICB) dataset. The ICB data offers a number of advantages in assessing the conflict decisions of national leaders, rather than the accidents of subordinates or others. In particular, we explore as yet untested implications of each perspective, examining the effect of regime type and economic and interest variables on escalation and crisis intensity. Our findings provide new evidence that free markets, economic development, and similar interests account for the special peace in liberal dyads.

Suggested Citation

  • Erik Gartzke & J. Joseph Hewitt, 2010. "International Crises and the Capitalist Peace," International Interactions, Taylor & Francis Journals, vol. 36(2), pages 115-145, May.
    • Handle: RePEc:taf:ginixx:v:36:y:2010:i:2:p:115-145
    DOI: 10.1080/03050621003784846
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    References listed on IDEAS

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    1. McDonald,Patrick J., 2009. "The Invisible Hand of Peace," Cambridge Books, Cambridge University Press, number 9780521744126.
    2. McDonald,Patrick J., 2009. "The Invisible Hand of Peace," Cambridge Books, Cambridge University Press, number 9780521761369.
    3. J. R. Hicks, 1963. "The Theory of Wages," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-00189-7, December.
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    Cited by:

    1. Jason Enia & Patrick James, 2015. "Regime Type, Peace, and Reciprocal Effects," Social Science Quarterly, Southwestern Social Science Association, vol. 96(2), pages 523-539, June.
    2. Michael Mousseau, 2010. "Coming to Terms with the Capitalist Peace," International Interactions, Taylor & Francis Journals, vol. 36(2), pages 185-192, May.
    3. Evgeniia Iakhnis & Patrick James, 2021. "Near crises in world politics: A new dataset," Conflict Management and Peace Science, Peace Science Society (International), vol. 38(2), pages 224-243, March.
    4. Patrick James, 2019. "What do we know about crisis, escalation and war? A visual assessment of the International Crisis Behavior Project," Conflict Management and Peace Science, Peace Science Society (International), vol. 36(1), pages 3-19, January.
    5. Pavel Yakovlev & Brandon Spleen, 2022. "Make concentrated trade not war?," Review of Development Economics, Wiley Blackwell, vol. 26(2), pages 661-686, May.

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