This is an ambitious survey of the history and state of the world economy, covering the major upheavals of the capitalist system over the last 100 years.
Bill Dunn provides an original and enlightening explanation of the state of the world economy. He covers all the main aspects of global political economy explaining the theories behind production, trade, finance and relations between rich and poor countries. He also tackles the question of the origin of capitalism, a debate that always proves popular among students and academics. Dunn also includes a critique of alternative perspectives, showing that Marxism still provides the best analytical tools for understanding the global economy.
This comprehensive text is a must for students of politics and economics who are keen to understand how the economy reached its current stage and what the future is likely to bring.
Bill Dunn is Associate Professor in the Department of Political Economy at the University of Sydney. He is author of Global Political Economy (Pluto, 2008), Global Restructuring and the Power of Labour (Palgrave, 2004), and co-editor, with Hugo Radice, of 100 Years of Permanent Revolution (Pluto, 2006).
List of Abbreviations Acknowledgments Introduction PART I: THEORIES OF THE GLOBAL POLITICAL ECONOMY 1. Liberalism 2. Realism and Institutionalism 3. Critical approaches to IPE 4. Marxisms PART II: THE ORIGINS OF GLOBAL CAPITALISM 5. The Transformation of European Feudalism 6. The Making of the Global Economy 7. Bretton Woods and the Golden Age PART III: STRUCTURES, ISSUES AND AGENTS 8. Production 9. Trade 10. Money and Finance 11. The New Economy and the Transformation of Labour? 12. The Political Economy of the 'Non-economic' 13. Competition and Cooperation between Rich-Country Economies 14. Problems of Development and Dependency: The State, Capital and Class in Poor Countries 15. Global Governance or the New Imperialism Conclusions: What Prospects for the State, Capital and Labour? References Index