The Long Twentieth Century: Money, Power and the Origins of Our Times

The Long Twentieth Century: Money, Power and the Origins of Our Times

by Giovanni Arrighi
The Long Twentieth Century: Money, Power and the Origins of Our Times

The Long Twentieth Century: Money, Power and the Origins of Our Times

by Giovanni Arrighi

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Overview

The Long Twentieth Century traces the relationship between capital accumulation and state formation over a 700-year period. Arrighi argues that capitalism has unfolded as a succession of “long centuries,” each of which produced a new world power that secured control over an expanding world-economic space. Examining the changing fortunes of Florentine, Venetian, Genoese, Dutch, English and finally American capitalism, Arrighi concludes with an examination of the forces that have shaped and are now poised to undermine America’s world dominance. A masterpiece of historical sociology, The Long Twentieth Century rivals in scope and ambition contemporary classics by Perry Anderson, Charles Tilly and Michael Mann.

Product Details

ISBN-13: 9781844673049
Publisher: Verso Books
Publication date: 02/16/2010
Edition description: New and Updated Edition
Pages: 432
Sales rank: 376,966
Product dimensions: 6.10(w) x 9.20(h) x 1.20(d)

About the Author

Giovanni Arrighi (1937–2009) was Professor of Sociology at Johns Hopkins University. His books include The Long Twentieth Century, Adam Smith in Beijing, and, with Beverly Silver, Chaos and Governance in the Modern World System. His work has appeared in many publications, including New Left Review—who published an interview on his life-long intellectual trajectory in March–April 2009, and an obituary in Nov–Dec 2009—and there are more accounts on his memorial website.

Table of Contents

List of Figures vii

Preface and Acknowledgements xi

Introduction 1

1 The Three Hegemonies of Historical Capitalism 28

Hegemony, Capitalism, and Territorialism 28

The Origins of the Modern Interstate System 37

British Hegemony and Free-Trade Imperialism 48

US Hegemony and the Rise of the Free Enterprise System 59

Towards a New Research Agenda 75

2 The Rise of Capital 86

The Antecedents of Systemic Cycles of Accumulation 86

The Genesis of High Finance 97

The First (Genoese) Systemic Cycle of Accumulation 111

The Second (Dutch) Systemic Cycle of Accumulation 130

The Dialectic of State and Capital 148

3 Industry, Empire, and the "Endless" Accumulation of Capital 163

The Third (British) Systemic Cycle of Accumulation 163

The Dialectic of Capitalism and Territorialism 179

The Dialectic of Capitalism and Territorialism (Continued) 200

Reprise and Preview 219

4 The Long Twentieth Century 247

The Dialectic of Market and Plan 247

The Fourth (US) Systemic Cycle of Accumulation 277

The Dynamics of Global Crisis 309

Epilogue: Can Capitalism Survive Success? 336

Postscript to the Second Edition 371

References 387

Index 405

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