Trade = peace? | Bleader

Saturday, November 11, 2006

Trade = peace?

Posted By on 11.11.06 at 07:22 AM

Sign up for our newsletters Subscribe

Economist Don Boudreaux at Cafe Hayek worries about protectionism:

"Many newly elected Democrats oppose both war and free trade. They should avoid this inconsistency. Research -- especially by Solomon Polachek -- finds that trade promotes peace. Commerce unites people economically (it's bad for the bottom line to kill your customers) and culturally (trade with foreigners demands that you better understand them and that they better understand you)."

From the abstract of the downloadable 95-page paper (PDF) cited: "A doubling of trade leads to a 20-percent diminution of belligerence. This result is robust under various specifications, and it is upheld when adjusting for causality using cross-section and time-series techniques." As far as I can tell, this is a discussion paper and has not yet been published in an actual journal.

 

Tags: , ,

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

More by Harold Henderson

  • The Recyclable House

    The Recyclable House

    If Ken Ortiz has his way, no one in Chicago will ever simply "demolish" a building again.
    • Jul 24, 2008
  • Sympathy for the Devil?

    Sympathy for the Devil?

    Progressive scribe Rick Perlstein made his reputation finding the good in conservatives. Then they really started screwing up the country.
    • Jan 24, 2008
  • Dynamic Flash for Democrats

    Dynamic Flash for Democrats

    Wanna raise funds to run for office? Nag Schwarzenegger about health care? Or just make fun of Bush? Call Articulated Man.
    • Jan 10, 2008
  • More »

Tabbed Event Search

The Bleader Archive

Popular Stories