International Relations, Modeling

Some Quick Thoughts on Economics in International Relations Theory

The other day I was reviewing some of the older literature on international politics and relations. From the vantage point of a few of decades, the injection of economics into international relations and its influence is obvious. The major debates that largely pivoted around Ken Waltz’s neorealism and Robert Keohane’s neoliberalism essentially reflected alternative applications of models and methods imported from economics, perhaps most brilliantly exemplified by Keohane’s adaptation of Akerlof’s market for lemons in order to argue for the importance of institutions (or regimes as he defined them in After Hegemony).

Continue Reading