The Invisible Hand of Peace

By - McDonald, Patrick J.

Floor - Floor 1

Published - Cambridge University Press, New York, 2009

ISBN 10 - 0521744121

ISBN 13 - 9780521744126

Book Status - 1 Qnty Available with us.

Subject - War--Economic aspects , BUSINESS & ECONOMICS Free Enterprise

Shelf No - 16

Call Number - 330.122 MCD

Physical Description - 1 online resource (xiv, 338 pages)

Notes - Includes Index

Book Information

The Invisible Hand of Peace shows that the domestic institutions associated with capitalism, namely private property and competitive market structures, have promoted peace between states over the past two centuries. It employs a wide range of historical and statistical evidence to illustrate both the broad applicability of these claims and their capacity to generate new explanations of critical historical events, such as the emergence of the Anglo-American friendship at the end of the nineteenth century, the outbreak of World War I, and the evolution of the recent conflict across the Taiwan Straits. By showing that this capitalist peace has historically been stronger than the peace among democratic states, these findings also suggest that contemporary American foreign policy should be geared toward promoting economic liberalization rather than democracy in the post-9/11 world.

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