Capitalist peace

The capitalist peace, or capitalist peace theory, or commercial peace, posits that market openness contributes to more peaceful behavior among states, and that developed market-oriented economies are less likely to engage in conflict with one another.^[1] Along with the democratic peace theory and institutionalist arguments for peace, the commercial peace forms part of the Kantian tripod for peace.^[2] Prominent mechanisms for the commercial peace revolve around how capitalism, trade interdependence, and capital interdependence raise the costs of warfare, incentivize groups to lobby against war, make it harder for leaders to go to war, and reduce the economic benefits of conquest.^[3]

Scholars have debated the empirical and theoretical validity of the commercial peace thesis, as well as the mechanisms behind the theory.^[4]^[5]^[6] According to one review of existing research, the evidence on the relationship between economic interdependence and conflict is inconclusive.^[7]

^ Mansfield, Edward D. (2021). Pevehouse, Jon C. W; Seabrooke, Leonard (eds.). "International Trade and Conflict". The Oxford Handbook of International Political Economy. doi:10.1093/oxfordhb/9780198793519.013.27. ISBN 978-0-19-879351-9. Archived from the original on 2021-05-15.
^ Russett, Bruce; Oneal, John R.; Davis, David R. (1998). "The Third Leg of the Kantian Tripod for Peace: International Organizations and Militarized Disputes, 1950-85". International Organization. 52 (3): 441–467. doi:10.1162/002081898550626. ISSN 0020-8183. JSTOR 2601398. S2CID 153665709.
^ Poast, Paul (2019). "Beyond the "Sinew of War": The Political Economy of Security as a Subfield". Annual Review of Political Science. 22 (1): 223–239. doi:10.1146/annurev-polisci-050317-070912. ISSN 1094-2939.
^ Mousseau, Michael (2019). "The End of War: How a Robust Marketplace and Liberal Hegemony Are Leading to Perpetual World Peace". International Security. 44 (1): 160–196. doi:10.1162/isec_a_00352. ISSN 0162-2889. S2CID 198952369.
^ Copeland, Dale C. (2015). Economic Interdependence and War. Vol. 148. Princeton University Press. pp. 1–25. doi:10.2307/j.ctt7ztkw2. ISBN 978-0-691-16159-4. JSTOR j.ctt7ztkw2.
^ Farrell, Henry; Newman, Abraham L. (2019-07-01). "Weaponized Interdependence: How Global Economic Networks Shape State Coercion". International Security. 44 (1): 42–79. doi:10.1162/isec_a_00351. ISSN 0162-2889. S2CID 198952367.
^ Gartzke, Erik; Zhang, Jiakun Jack (2015). "Trade and War". The Oxford Handbook of the Political Economy of International Trade. doi:10.1093/oxfordhb/9780199981755.013.27. ISBN 978-0-19-998175-5. Archived from the original on 2016-05-21.

[1] Mansfield, Edward D. (2021). Pevehouse, Jon C. W; Seabrooke, Leonard (eds.). "International Trade and Conflict". The Oxford Handbook of International Political Economy. doi:10.1093/oxfordhb/9780198793519.013.27. ISBN 978-0-19-879351-9. Archived from the original on 2021-05-15.

[:4-2] Russett, Bruce; Oneal, John R.; Davis, David R. (1998). "The Third Leg of the Kantian Tripod for Peace: International Organizations and Militarized Disputes, 1950-85". International Organization. 52 (3): 441–467. doi:10.1162/002081898550626. ISSN 0020-8183. JSTOR 2601398. S2CID 153665709.

[3] Poast, Paul (2019). "Beyond the "Sinew of War": The Political Economy of Security as a Subfield". Annual Review of Political Science. 22 (1): 223–239. doi:10.1146/annurev-polisci-050317-070912. ISSN 1094-2939.

[:0-4] Mousseau, Michael (2019). "The End of War: How a Robust Marketplace and Liberal Hegemony Are Leading to Perpetual World Peace". International Security. 44 (1): 160–196. doi:10.1162/isec_a_00352. ISSN 0162-2889. S2CID 198952369.

[:3-5] Copeland, Dale C. (2015). Economic Interdependence and War. Vol. 148. Princeton University Press. pp. 1–25. doi:10.2307/j.ctt7ztkw2. ISBN 978-0-691-16159-4. JSTOR j.ctt7ztkw2.

[:8-6] Farrell, Henry; Newman, Abraham L. (2019-07-01). "Weaponized Interdependence: How Global Economic Networks Shape State Coercion". International Security. 44 (1): 42–79. doi:10.1162/isec_a_00351. ISSN 0162-2889. S2CID 198952367.

[7] Gartzke, Erik; Zhang, Jiakun Jack (2015). "Trade and War". The Oxford Handbook of the Political Economy of International Trade. doi:10.1093/oxfordhb/9780199981755.013.27. ISBN 978-0-19-998175-5. Archived from the original on 2016-05-21.

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