Trade is the oldest and most important economic nexus among nations. Indeed, trade along with war ha been central to the evolution of international relations.
The historical record suggests that the transition to to a new hegemon has always been attended by what I have elsewhere called hegemonic war.
Does the functioning of the world economy tend to concentrate wealth and power, or does it tend to diffuse it?
A market is not politically neutral; its existence creates economic power which one actor can use against another.
The clustering of technological innovation in time and space helps explain both the uneven growth among nations and the rise and decline of hegemonic powers.
One reason for the primacy of the market in shaping the modern world is that it forces a reorganization of society in order to make the market work properly. When a market comes into existence, as Marx fully appreciated, it becomes a potent force driving social change.
Specialization makes the welfare of the society vulnerable to the market and to political forces beyond national control.
These two opposed forms of social organization, the modern state and the market, have evolved together through recent centuries, and their mutual interactions have become increasingly crucial to the character and dynamics of international relations in our world.
The economic success of the Reagan Administration was largely dependent upon the pyramiding of massive debt and the siphoning of capital from the rest of the world.
The core of the Marxist critique of capitalism is that although the individual capitalist is rational (as liberals assume),the capitalist system itself is irrational.
The competitive nation-state system, with all its capacity for good and evil, is spreading in the Third World and is transforming that world.
There is a pressing need to integrate the study of international economics with the study of international politics to deepen our comprehension of the forces at work in the world.
I was certain that I was not a Marxist, but I did believe firmly that a connection between economics and politics existed.
In short, the elimination of the financial legacy of Reaganomics could force the United States to make some exceptionally difficult choices indeed.
A prolonged and massive increase in aggregate wealth per capita has taken place over several centuries.