The Rise and Future Demise of the World Capitalist System: Concepts for Comparative Analysis

  title={The Rise and Future Demise of the World Capitalist System: Concepts for Comparative Analysis},
  author={Immanuel Maurice Wallerstein},
  journal={Comparative Studies in Society and History},
  pages={387 - 415}
  • I. Wallerstein
  • Published 1 September 1974
  • Economics
  • Comparative Studies in Society and History
The growth within the capitalist world-economy of the industrial sector of production, the so-called ‘industrial revolution’, was accompanied by a very strong current of thought which denned this change as both a process of organic development and of progress. There were those who considered these economic developments and the concomitant changes in social organization to be some penultimate stage of world development whose final working-out was but a matter of time. These included such diverse… 

Dependence in an Interdependent World: The Limited Possibilities of Transformation Within the Capitalist World Economy

“Dependence” has become the latest euphemism in a long list of such terms. No doubt its original intent was critical. The term itself emerged out of the “structuralist” theories of Latin American

The modernity of backwardness

This paper revisits one of the classic debates on world capitalist development – the ‘transition to capitalism’ debate framed in Robert Brenner’s classic critique of World Systems and Dependency

The Elgar Companion to Marxist Economics

as it is, the world economy still has a spatial dimension through which other elementary categories such as value, money, labour and capital are projected. This is why the spatial dimension needs to

Wallerstein's World Capitalist System: A Theoretical and Historical Critique

  • T. Skocpol
  • Economics
    American Journal of Sociology
  • 1977
The Modern World-System: Capitalist Agriculture and the Origins of the European World-Economy in the Sixteenth Century. By Immanuel Wallerstein. New York and London: Academic Press, 1974. Immanuel

Barbarism or Socialism: 1917–2017–2050 (?)

Two decades after the end of the Soviet Union, the global capitalist economy narrowly escaped total collapse in the ‘Great Recession’ of 2008–2009. The world in the twenty-first century has entered

“Bonanza Development” and the “New Bourgeoisie”

A study of the social and political impact of the Peruvian mining industry since 1968 reveals that the country has undergone a form of development—“bonanza development”—that differs from other forms

Global Power and the Geopolitical Dynamics of Capitalism

1. IntroductionInternational Political Economy (IPE) emerged as a response to changes that the system underwent in the beginning of the 1970s. These changes were essentially perceived as a crisis of

From the Demise of Social Democracy to the ‘End of Capitalism’

  • J. Roos
  • Sociology
    Historical Materialism
  • 2019
Over the past decade, Wolfgang Streeck has emerged as one of the most prominent voices in the debate on the crisis of democratic capitalism. This article provides a critical appraisal of Streeck’s

Class Structure and Agrarian Transition in Central America

(Neruda, 1967), Central America' has been associated in the popular mind with the production of bananas, and with little else. The force of this image is also reflected in radical viewpoints where

American power and the philosophy of world-systems analysis

Immanuel Wallerstein, one of the pioneers of world-systems theory, has been arguing since the 1970s that the capitalist system, after some five centuries, is for the first time in a systemic crisis



The transition from feudalism to capitalism

The debate on the transition from feudalism to capitalism is one of the most famous episodes in the development of Marxist historiography since the war. This work deals with this topic.