The Capitalist World-Economy

The Capitalist World-Economy

Number of page: 305
Author: Immanuel Wallerstein
Publisher: Cambridge University Press
Rating:
Category: Business & Economics

In The Capitalist World-Economy Immanuel Wallerstein focuses on the two central conflicts of capitalism, bourgeois versus proletarian and core versus periphery, in an attempt to describe both the cyclical rhythms and the secular transformations of capitalism, conceived as a singular world-system. The essays include discussions of the relationship of class and ethnonational consciousness, clarification of the meaning of transition from feudalism to capitalism, the utility of the concept of the semi peripheral state, and the relationship of socialist states to the capitalist world-economy. This book is the first in a three volume collection of Wallerstein’s essays. The Politics of World-Economy (1984) elaborates on the role of states, the antisystemic movements and the civilizational project. Geopolitics and Geoculture (1991) analyses both the events leading up to the collapse of the Iron Curtain, and the subsequent process of perestroika in the light of Wallerstein’s own interpretations, and the ways in which the renewed concern with culture is a product of the changing world-system.

About The Author

Wallerstein studied at Columbia University, where he received his Ph.D. in sociology in 1959. His work has focused primarily on what he calls "world systems theory," which deals with the socioeconomic dynamics of global dependence and interdependence. As Wallerstein sees it, the wealthy nations of the world control and manipulate the destinies of weaker nations and keep them dependent. The world system is an outcome of historic global, political, and ideological forces leading to Western hegemony.