Synopses & Reviews
In this short, highly readable book, Immanuel Wallerstein provides a condensation of the central ideas of The Modern World-System, his monumental study of capitalism as an integrated, historical entity. In developing an anatomy of capitalism over the past five centuries, Wallerstein provides one of the most coherent and succinct introductions to the genesis of a global system of exploitation.
Particular attention is focused on the emergence and development of a unified world market, and the concomitant international division of labor. Wallerstein argues forcefully, against the grain of much current opinion, that capitalism has brought about an actual, not merely relative, immiseration in the countries of the Third World. The economic and social problems of underdeveloped countries will remain unresolved as long as they remain located within a framework of world capitalism.
Historical Capitalism is a welcome and stimulating synthesis of one of the most influential assessments of capitalism as a world-historic mode of production.
Synopsis
A succinct introduction to the history of capitalism by the renowned political theorist.
Synopsis
In this short, highly readable book, the master of world-systems theory provides a succinct anatomy of capitalism over the past five hundred years. Considering the way capitalism has changed and evolved over the centuries, and what has remained constant, he outlines its chief characteristics. In particular, he looks at the emergence and development of a world market, and of labor; in doing so, he argues that capitalism has brought about immiseration in the Global South. As long as they remain within a framework of world capitalism, Wallerstein concludes, the economic and social problems of developing countries will remain unresolved.
Historical Capitalism, published here with its companion essay Capitalist Civilization, is a concise, compelling beginners’ guide to one of the most challenging and influential assessments of capitalism as a world-historic mode of production.
About the Author
Immanuel Wallerstein is director of the Fernand Braudel Center at the State University of New York. His books include a three-volume study, The Modern World-System, Historical Capitalism, and, cowritten with Etienne Balibar, Race, Nation, Class.