ECONOMICS, ETHICS, AND THE PROBLEM OF BUILDING PEACE

Dean A. Worcester, Jr.

Contemporary Economic Policy, 1986, vol. 4, issue 4, 38-51

Abstract: To build peace it is necessary to convert what Hirshleifer (1976) has called “meta‐constitutional” politics among nations into “constitutional” politics. To predict the eventual elimination of meta‐constitutional politics and to suggest some steps that may hasten the process, Boulding's (1945) and North's (1981) explanations of the rise of civilization are combined with Coase's (1937) and Cheung's (1978) insights into organization theory and with Alchian's (1950) analysis of prediction that does not rely on rational behavior. The argument can be summarized in terms of game theory where technology, education, and population growth change the perceived payoff matrices.

Date: 1986
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