International regimes, transactions, and change: embedded liberalism in the postwar economic order

  title={International regimes, transactions, and change: embedded liberalism in the postwar economic order},
  author={John Gerard Ruggie},
  journal={International Organization},
  • J. Ruggie
  • Published 1982
  • Economics
  • International Organization
The prevailing model of international economic regimes is strictly positivistic in its epistemological orientation and stresses the distribution of material power capabilities in its explanatory logic. It is inadequate to account for the current set of international economic regimes and for the differences between past and present regimes. The model elaborated here departs from the prevailing view in two respects, while adhering to it in a third. First, it argues that regimes comprise not… Expand
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Wallich estimates that the Euromarkets are expanding at two to three times the rate of growth of the domestic markets of major countries
  • Columbia Journal of World Business
  • 1979
Marxists have tended to stress this factor; see, for example, Christian Palloix
  • Review of Radical Political Economy
  • 1975
Myth of National Interdependence," though most realists, unlike Waltz, would characterize the distribution of power in the pre-1914 world political economy as having been hegemonic
  • This is the realists' explanandum, as developed in Waltz
  • 1975
74 This is generally considered to be the driving force by liberal economists
    His article in this volume
      Kenwood and Lougheed, Growth of International Economy
        Political Economy of Inflation, especially the chapters by Hirsch
          See Lipson's article in this volume, and the references he cites
            See Polanyi's Great Transformation for one expression of this social-organicist position
              The following discussion of the monetary regime draws heavily on Hirsch. 108 Ibid
              • The Current Inflation: Towards a Sociological Account