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

@article{Wallerstein1974TheRA,
  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},
  year={1974},
  volume={16},
  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… 

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