The Long Twentieth Century: Money, Power, and the Origins of Our Times
Winner of the American Sociological Association PEWS Award (1995) for Distinguished Scholarship
The Long Twentieth Century traces the epochal shifts in the relationship between capital accumulation and state formation over a 700-year period. Giovanni Arrighi masterfully synthesizes social theory, comparative history and historical narrative in this account of the structures and agencies which have shaped the course of world history over the millennium.
Borrowing from Braudel, Arrighi argues that the history of capitalism has unfolded as a succession of "long centuries"—ages during which a hegemonic power deploying a novel combination of economic and political networks secured control over an expanding world-economic space. The modest beginnings, rise and violent unravel-ing of the links forged between capital, state power, and geopolitics by hegemonic classes and states are explored with dramatic intensity. From this perspective, Arrighi explains the changing fortunes of Florentine, Venetian, Genoese, Dutch, English, and finally American capitalism. The book concludes with an examination of the forces which have shaped and are now poised to undermine America's world power.
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THE THREE HEGEMONIES OF HISTORICAL CAPITALISM
THE RISE OF CAPITAL
The First Genoese Systemic Cycle of Accumulation
The Second Dutch Systemic Cycle of Accumulation
The Dialectic of State and Capital
INDUSTRY EMPIRE AND THE ENDLESS ACCUMULATION
The Dialectic of Capitalism and Territorialism
The Dialectic of Capitalism and Territorialism Continued
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agencies Antwerp Asian banks became Braudel Britain British regime capital accumulation capitalist class capitalist world-economy centers central Cold War commercial commodities competition crisis cycles of accumulation domestic dominant early economy emerged empire England English enterprises entrepot escalation Eurocurrency Eurodollar Europe European world-economy exchange fifteenth financial expansion Florentine foreign formation free trade Genoa Genoese German global governmental and business hegemony high finance historical Hundred Years War Iberian Imperial increasing Indian inter-state system interest investment Italian city-states Japan Japanese labor late long twentieth century material expansion means military mobile capital modern monetary Napoleonic Wars networks nineteenth century organizational phase political processes of capital profits protection costs regime of accumulation sixteenth century Spain state-making strategy structures success supply surplus capital system of rule systemic cycles tendency territorial territorialist tion trade and production trade expansion United Provinces Venetian Venice war-making world market world power world system