Abstract

http://ssrn.com/abstract=1676244
 
 

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Commerce, Markets, and Peace: Richard Cobden's Enduring Lessons


Edward Peter Stringham


Trinity College; Texas Tech University - Rawls College of Business

2004

Independent Review, Vol. 9, No 1, pp. 543-549, Spring 2004

Abstract:     
Do capitalism and conflicts go hand in hand? Are the military and markets complements? Indeed, many conservative advocates of markets also passionately support the military, and many people who oppose war also oppose markets. Nineteenth-century writer Richard Cobden, however, maintained that the military and markets were substitutes: more military entails less market. Although the ideas in The Political Writings of Richard Cobden (1903) are a century and a half old, Cobden considered many arguments for military intervention still made today. He discussed whether military spending was beneficial to the economy, to commerce, and to peace, and in all three cases he answered no. Both conservatives and left liberals can learn much from Cobden’s discussion of commerce, markets, and peace. As he demonstrated, the advocate of markets must be an advocate of peace.

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Date posted: September 19, 2010 ; Last revised: September 28, 2010

Suggested Citation

Stringham, Edward Peter, Commerce, Markets, and Peace: Richard Cobden's Enduring Lessons (2004). Independent Review, Vol. 9, No 1, pp. 543-549, Spring 2004. Available at SSRN: http://ssrn.com/abstract=1676244

Contact Information

Edward Peter Stringham (Contact Author)
Trinity College ( email )
300 Summit Street
Hartford, CT 06106
United States
Texas Tech University - Rawls College of Business ( email )
Lubbock, TX 79409
United States
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