This paper presents a formal model that characterizes the two faces of development - persistent poverty, as well as industrialization and rising incomes - and establishes that the interaction between politics and economics determines which path a nation travels. We demonstrate that political...

A formal dynamic theory of the transition from a developing autocracy to democracy is presented in the context of a heterogeneous agent general equilibrium growth model. The theory shows that the primary determinants affecting the timing of democratic transitions are per capita income, the...

This is a paper about theory in political economy terms and political economy in theoretical terms. It unifies power transition theory and applies it to the central questions that now confront political economists. Will trade wars emerge as the security challenge declines? What are the economic...

This study applies insights from the power parity and the democratic peace perspectives to the issue of internal political violence. These two international relations perspectives translate well to the domain of domestic politics. Relative parity of resources between the government and the...

Nuclear deterrence may be a useful political strategy, but it may not provide an effective empirical description of the behavior of nations faced with the prospect of major war. This evaluation is based on two tests. Empirical analysis of extreme crises since 1945 fails to detect substantial...