Chapter 15 Economic factors in peace and war: A discussion

Abstract

Purpose – The main purpose is to provide ideas about an intellectual framework for considering the role of “economic factors” in conflict and to suggest some potentially useful future areas of research. I selectively reference some relevant findings from the other chapters in this volume.

Methodology/approach – This chapter is speculative, but raises important issues. It might seem that economic factors should be considered “hard” constraints on the dynamics of large-scale conflict and peace, whereas political factors are “soft.” I propose the opposite. I argue that we should consider political factors as causally primary and economic factors as contingent on them. I present statistical analyses that call into question some recent research on the apparent primacy of economic factors in international conflict.

Findings – These models challenge a strong belief in the primacy of a “capitalist peace” or “economic peace” over political factors such as democracy. But my purpose here is no more than to suggest that this is a promising area for further inquiry. Economic factors are of course hugely important, but they are filtered through norms and institutions, which are political creations. If the basic logic of my thinking holds, similar results would be obtained for studies of civil conflict initiation and escalation.

Originality/value of paper – This chapter raises the issue of the appropriate place of economic and political factors in understanding organized conflict at various levels of analysis. It suggests how the chapters in this volume help advance thinking about the relationship between economic factors and conflict in this context and provides some novel empirical results to suggest the plausibility of the argument that economic factors may be less theoretically fundamental than political ones.

Citation

Goldsmith, B.E. (2010), "Chapter 15 Economic factors in peace and war: A discussion", Goldsmith, B.E. and Brauer, J. (Ed.) Economics of War and Peace: Economic, Legal, and Political Perspectives (Contributions to Conflict Management, Peace Economics and Development, Vol. 14), Emerald Group Publishing Limited, Leeds, pp. 263-282. https://doi.org/10.1108/S1572-8323(2010)0000014019