Review
"Is there a crisis of world capitalism, or has a truly global economy finally begun to pay off on the original promise of the greatest good for the greatest number? Has the leader of that global realm, the United States, reached the end of its hegemonic predominance, or is it in the robust middle age of its tenure, now bereft of serious antagonists? The Age of Transition shows how a clear theory of history can illluminate the recent past, pose fundamental questions about the present, and offer well-grounded predictions about the ultimate trajectory of capitalism in our time. Their outlook is at once compelling and gloomy, a prophecy of a coming age of turmoil and disorder. Like Fukuyama's The End of History, this book will provoke a lively debate; unlike Fukuyama, Hopkins and Wallerstein know that we may forget about history, but history will not forget about us." - Bruce Cumings, John Evans Professor of International History and Politics, Northwestern University
Product Description
Immanuel Wallerstein's World-System theory made a big impact on International Political Economy when it was first formulated in the early 1980s. Although subsequently criticised, the recent demise of the Soviet system's historic attempt to delink from global capitalism has provided a perhaps unanticipated confirmation of the profundity of its insights. Now with this new book, Wallerstein and a team of colleagues from the Fernand Braudel Center for the Study of Economies, Historical Systems and Civilizations take world-system theory a major step forward.