Market economy, war or peace

Jacques Fontanel ()
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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

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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.

Date: 1993-09-16
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Published in Nuclear questions, IPPNW, Sep 1993, Stockholm, Sweden

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03277717

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