Modern economics has largely ignored the issue of outright conflict as an alternative way of allocating goods, assuming instead the existence of well-defined property rights enforced by an undefined third party. And yet even in ostensibly peaceful market transactions, conflict exists as an...

Over the past few decades, the level of globalization and economic interdependence among nations has continued to rise. Given this rise of interdependence among nations one wonders whether or not political regime type has any influence on a country's economic growth. Do democracies promote...