The Nexus of Market Society, Liberal Preferences, and Democratic Peace: Interdisciplinary Theory and Evidence
Author(s)
Mousseau, Michael
Abstract
Drawing on literature from Anthropology, Economics, Political Science and Sociology, an interdisciplinary theory is presented that links the rise of contractual forms of exchange within a society with the proliferation of liberal values, democratic legitimacy, and peace among democratic nations. The theory accommodates old facts and yields a large number of new and testable ones, including the fact that the peace among democracies is limited to market-oriented states, and that market democracies–but not the other democracies–perceive common interests. Previous research confirms the first hypothesis; examination herein of UN roll call votes confirms the latter: the market democracies agree on global issues. The theory and evidence demonstrate that (a) the peace among democratic states may be a function of common interests derived from common economic structure; (b) all of the empirical research into the democratic peace is underspecified, as no study has considered an interaction of democracy with economic structure; (c) interests can be treated endogenously in social research; and (d) several of the premier puzzles in global politics are causally related–including the peace among democracies and the association of democratic stability and liberal political culture with market-oriented economic development.
