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Capitalism, Commitment, and Peace

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  • Patrick J. McDonald

Abstract

This paper builds on the growing capitalist peace research program by examining how large quantities of public property influence the likelihood of conflict between states. Drawing on the logic of the commitment problem, it develops two explanations linking the predominance of public property in an economy to the likelihood of being the target of military conflict, defined to include both militarized disputes and war. Empirical support for this hypothesis is generated with a brief illustrative case and a series of statistical tests with monadic and directed dyadic research designs. A final section discusses how these findings suggest that capitalism plays a larger role than democracy in limiting military conflict between states.

Suggested Citation

  • Patrick J. McDonald, 2010. "Capitalism, Commitment, and Peace," International Interactions, Taylor & Francis Journals, vol. 36(2), pages 146-168, May.
    • Handle: RePEc:taf:ginixx:v:36:y:2010:i:2:p:146-168
    DOI: 10.1080/03050621003784911
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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, September.
    2. Kornai, Janos, 1992. "The Socialist System: The Political Economy of Communism," OUP Catalogue, Oxford University Press, number 9780198287766.
    3. McDonald,Patrick J., 2009. "The Invisible Hand of Peace," Cambridge Books, Cambridge University Press, number 9780521761369, September.
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    Cited by:

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    3. Massoud Tansa G. & Magee Christopher S., 2012. "Trade and Political, Military, and Economic Relations," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 18(1), pages 1-39, May.
    4. Hannes Warnecke-Berger, 2020. "Capitalism, Rents and the Transformation of Violence," International Studies, , vol. 57(2), pages 111-131, April.

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