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Market economy, war or peace

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  • Jacques Fontanel

    (CESICE - Centre d'études sur la sécurité internationale et les coopérations européennes - UPMF - Université Pierre Mendès France - Grenoble 2 - IEPG - Sciences Po Grenoble - Institut d'études politiques de Grenoble)

Abstract

Modern economists quickly relegate the issue of international conflict to the realm of political science, despite the increased use of economic weapons. War then becomes a random external shock that the economic variables used cannot predict. The basic assumption is that the market economy and capitalism normally lead to peace. Most economists since the beginning of the 19th century have considered that the progress of economic knowledge necessarily leads to peace. However, the permanence of wars questions and highlights the powerlessness of the market economy to maintain international peace. Capitalism has come to terms with colonialism, imperialism, slavery, while advocating free trade and industry. Heterodox economists question the future role of a capitalism with little concern for the environment, the climate and the growing inequalities between countries and people.

Suggested Citation

  • Jacques Fontanel, 1993. "Market economy, war or peace," Post-Print hal-03277717, HAL.
    • Handle: RePEc:hal:journl:hal-03277717
    Note: View the original document on HAL open archive server: https://hal.univ-grenoble-alpes.fr/hal-03277717
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    File URL: https://hal.univ-grenoble-alpes.fr/hal-03277717/document
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    References listed on IDEAS

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    1. Veblen, Thorstein, 1915. "Imperial Germany and The Industrial Revolution," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1915.
    2. Ron Smith & Anthony Humm & Jacques Fontanel, 1985. "The Economics of Exporting Arms," Journal of Peace Research, Peace Research Institute Oslo, vol. 22(3), pages 239-247, September.
    3. Ron Smith & Anthony Humm & Jacques Fontanel, 1987. "Capital-labour substitution in defence provision," Post-Print hal-03205374, HAL.
    Full references (including those not matched with items on IDEAS)

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