scholarly journals The New Hegemon? Contingency and Agency in the Asian Age

2009 ◽  
pp. 220-227 ◽  
Author(s):  
Jennifer Bair
Keyword(s):  
Twentieth Century ◽  
Capital Accumulation ◽  
World Economy ◽  
Adam Smith ◽  
World System ◽  
Financial Sector ◽  
Modern World ◽  
The World ◽  
History Of ◽  
Longue Duree

Adam Smith in Beijing is an ambitious sequel to the work that is widely regarded as Giovanni Arrighi’s most important, The Long Twentieth Century. Much like this earlier book, Adam Smith in Beijing is a long, sweeping and provocative exploration of capitalism’s past, present, and future. In The Long Twentieth Century, Arrighi analyzed the 700 year history of the modern world system as a series of cycles of accumulation, each of which occurred under the auspices of a hegemonic power, and each of which included a period of material expansion followed, late in the cycle, by a shift in the locus of capital accumulation to the financial sector. Arrighi’s analysis of four successive regimes—the Genoese, Dutch, British, and U.S.—drew on Braudel’s concept of the “autumn of a hegemonic system,” which refers to the period of financial expansion marking the maturation of a particular regime of accumulation and its eventual displacement by a new one. This perspective enabled Arrighi to understand the financialization of the world economy, proceeding apace at the time under then-President Clinton, in the context of the longue durée in which one (declining) hegemon’s autumn is another (rising) hegemon’s spring.

Notes from the Editors, November 2019

2019 ◽  
pp. c2-64
Author(s):  
The Editors
Keyword(s):  
Sixteenth Century ◽  
World Economy ◽  
World System ◽  
Modern World ◽  
World Systems ◽  
Monthly Review ◽  
The World ◽  
Immanuel Wallerstein

buy this issue Immanuel Wallerstein, the celebrated world-systems theorist and longtime contributor to Monthly Review and Monthly Review Press, died on August 31, 2019. Wallerstein first achieved international fame with the publication in 1974 of his The Modern World-System: Capitalist Agriculture and the Origins of the World-Economy in the Sixteenth Century (the first in a four-volume masterwork on the Modern World-System. We pay tribute to Wallerstein in this new issue of Monthly Review.

Ireland and the Black Atlantic in the eighteenth century

2000 ◽  
Vol 32 (126) ◽  
pp. 174-192 ◽  
Author(s):  
Nini Rodgers
Keyword(s):  
Nineteenth Century ◽  
Twentieth Century ◽  
Adam Smith ◽  
Modern World ◽  
Western World ◽  
Atlantic Trade ◽  
Economic Progress ◽  
Wide Range ◽  
History Of ◽  
Actual Operation

In the second half of the twentieth century few subjects have excited more extensive historical debate in the western world than black slavery. American investigation has centred upon the actual operation of the institution. An impressively wide range of historical techniques, cliometrics, comparative history, cultural studies, the imagination of the novelist, have all been employed in a vigorous attempt to recover and evaluate the slave past. In Britain, the first great power to abolish the Atlantic trade and emancipate her slaves, the emphasis has been on the development of the anti-slavery movement, described by W. E. H. Lecky in 1869 as ‘a crusade’ to be rated ‘amongst the three or four perfectly virtuous pages comprised in the history of nations’, and therefore an obvious candidate for twentieth-century revision. Any discussion of black slavery in the New World immediately involves the historian in economic matters. Here the nineteenth-century orthodoxy launched by Adam Smith and developed by J. S. Mill and his friend J. E. Cairnes, author of The slave power (1862) and professor of political economy and jurisprudence in Queen’s College, Galway, saw slavery as both morally wrong and economically unsound, an anachronism in the modern world. Since the 1970s this view has been challenged head-on by American historians arguing that, however morally repugnant, slavery was a dynamic system, an engine of economic progress in the U.S.A. Such a thesis inevitably revives some of the arguments used by the nineteenth-century defenders of slavery and has equally inevitably attracted bitter anti-revisionist denunciation.

scholarly journals The Coffee Commodity Chain in the World-Economy: Arrighi's Systemic Cycles and Braudel's Layers of Analysis

2011 ◽  
pp. 58-88 ◽  
Author(s):  
John M. Talbot
Keyword(s):  
Economic Analysis ◽  
Market Economy ◽  
World Economy ◽  
Modern World ◽  
Commodity Chain ◽  
Unit Of Analysis ◽  
Material Life ◽  
The World ◽  
History Of

This article presents a history of coffee in the modern world-economy, w;ing an analyticalframework synthesized from Arrighi's concept of systemic cycles of accumulation and Braudel'snotion of three levels of economic analysis: material life, the market economy, and capitalism. Ittakes the commodity chain as the unit of analysis, and argues that this choice helps to illuminatethe caw;al connections between Braudel 's three layers. The method of incorporated comparisonis w;ed to compare restructurings of the coffee commodity chain with the restructurings of thelarger world-economy during each of Arrighi 's systemic cycles.

Editorial Introduction to the Symposium on Giovanni Arrighi’s Adam Smith in Beijing

2010 ◽  
Vol 18 (1) ◽  
pp. 31-38
Author(s):  
Liam Campling
Keyword(s):  
Twentieth Century ◽  
Systems Theory ◽  
Adam Smith ◽  
World System ◽  
Editorial Introduction ◽  
Modern World ◽  
World Systems ◽  
World Systems Theory

AbstractGiovanni Arrighi (1937‐2009) was a leading figure in the development of world-systems theory and also contributed to a range of debates in Marxist thought. This symposium engages with Arrighi’s last book, Adam Smith in Beijing, which was the final instalment in his ‘trilogy’, following The Long Twentieth Century (1994) and Chaos and Governance in the Modern World System (with Beverly Silver, 1999). This Editorial Introduction traces the broad trajectory of Arrighi’s ‘trilogy’ and its concern with systemic cycles of accumulation, highlights additional major contributions by Arrighi, and sketches some of the central arguments of the five symposium articles.<xref ref-type="fn" rid="FN0">*</xref>

scholarly journals THE FUTURE OF W. WARREN WAGAR

1996 ◽  
pp. 94-102
Author(s):  
Stephen K. Sanderson
Keyword(s):  
System Theory ◽  
World Economy ◽  
World System ◽  
Short History ◽  
World System Theory ◽  
The World ◽  
The Future ◽  
History Of ◽  
Capitalist World Economy ◽  
Capitalist World

In his fascinat ing book "A Short History of the Future," published in 1992, W. Warren Wagar lays out a futuristic vision of the world over the next two hundred years that draws extensively on Inunanuel Wallerstein' s world-system theory. In the year 2001 began the last of the great Kondratieff upswings of the capitalist world-economy. That economy had come to be increasingly dominated by a few giant corporations, so that by 2015 12 "megacorps" had assumed control of the world-economy and thegovernments of the major capitalist powers. The Kondratieff upswing ran its course by the early 2030s and then a devastating worldwide depression set in, the lowest point of which was reached in 2043.

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