Although most disputes between groups of people are settled peacefully, sometimes disputes result in war. This lecture … have to contend, and on the permanence of the outcome of a potential war. The lecture also contrasts the possibilities for …

encompass the emergence of fully liberal political and social theory, and an early version of liberal political practice, in …

states are much less likely to engage each other in war or in serious disputes short of war than are members of other pairs … than is that of other country pairs only after World War II. Before 1914 and between the World Wars, there is no difference … between the war rates of members of democratic pairs of states and those of members of other pairs of states. We also find …

Why do wars occur? We exploit a natural experiment to test the longstanding hypothesis that leaders declare war because … they fail to internalize the associated costs. We test this moral hazard theory of conflict by compiling data on 9 …,210 children of 3,693 U.S. legislators who served in Congress during the four conscription-era wars of the 20th century: World War …

powers, the government was able to fund the war by borrowing and levying taxes. In major wars, however, there came a point …

This paper measures the effects of the risk of war on nine U.S. financial variables using a heteroskedasticity …-based estimation technique. The results indicate that increases in the risk of war cause declines in Treasury yields and equity prices …, a widening of lower-grade corporate spreads, a fall in the dollar, and a rise in oil prices. This war risk factor …

our theory. We show that a key parameter determining the incentives for war is the elasticity of demand. Our first result …We develop a dynamic theory of resource wars and study the conditions under which such wars can be prevented. The … interaction between the scarcity of resources and the incentives for war in the presence of limited commitment is at the center of …