The Long Twentieth Century / Edition 1

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Overview

The Long Twentieth Century tracesthe epochal shifts in the relationship between capital accumulation andstate formation over a 700-year period. Giovanni Arrighi masterfullysynthesizes social theory, comparative history and historical narrativein this account of the structures and agencies which have shaped thecourse of world history over the millennium.

Borrowingfrom Braudel, Arrighi argues that the history of capitalism hasunfolded as a succession of "long centuries'ages during which ahegemonic power deploying a novel combination of economic and politicalnetworks secured control over an expanding world-economic space. Themodest beginnings, rise and violent unraveling of the links forgedbetween capital, state power, and geopolitics by hegemonic classes andstates are explored with dramatic intensity. From this perspective,Arrighi explains the changing fortunes of Florentine, Venetian,Genoese, Dutch, English, and finally American capitalism. The bookconcludes with an examination of the forces which have shaped and arenow poised to undermine America's world power.

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Product Details

  • ISBN-13: 9781859840153
  • Publisher: Verso
  • Publication date: 12/1/1994
  • Edition number: 1
  • Pages: 416
  • Product dimensions: 0.93 (w) x 6.00 (h) x 9.00 (d)

Meet the Author

Giovanni Arrighi is Professor of Sociology at Johns Hopkins University. His books include Adam Smith in Bejing, and his work has appeared in many publications, including New Left Review.
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Table of Contents

Preface and Acknowledgements
Introduction 1
1 The Three Hegemonies of Historical Capitalism 27
Hegemony, Capitalism, and Territorialism 27
The Origins of the Modern Inter-state System 36
British Hegemony and Free-Trade Imperialism 47
US Hegemony and the Rise of the Free Enterprise System 58
Towards a New Research Agenda 74
2 The Rise of Capital 85
The Antecedents of Systemic Cycles of Accumulation 85
The Genesis of High Finance 96
The First (Genoese) Systemic Cycle of Accumulation 109
The Second (Dutch) Systemic Cycle of Accumulation 127
The Dialectic of State and Capital 144
3 Industry, Empire, and the "Endless" Accumulation of Capital 159
The Third (British) Systemic Cycle of Accumulation 159
The Dialectic of Capitalism and Territorialism 174
The Dialectic of Capitalism and Territorialism (Continued) 195
Reprise and Preview 214
4 The Long Twentieth Century 239
The Dialectic of Market and Plan 239
The Fourth (US) Systemic Cycle of Accumulation 269
The Dynamics of Global Crisis 300
Epilogue: Can Capitalism Survive Success? 325
Figures 357
References 373
Index 391
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