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" ... I am not talking here about banishing the field of economics from business schools, but I am talking about rebuilding it in an even more robust and ecumenical fashion. The rise of behavioral economics is good but not enough. We also need to draw institutionalists, political economists and network analysts into the conversation. ... "
" ... On the other hand, liberal institutionalists (not to be confused with liberal/progressive parties in domestic politics), do not see the world in the same zero-sum terms. They reject the theory of great power politics and instead focus on seeking opportunities for international collaboration that provide mutual benefits. A key mechanism utilized to implement their world view are institutions, such as the UN or EU. Liberals also strongly believe that economic co-dependence reduces the propensity for conflict, as does the spread of common ideals such as democracy. There is even a theory that democracies, especially mature ones, do not go to war with each other because each government is tempered by its respective constituents, known as the “Democratic Peace Theory”. ... "