An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Monday, March 30, 2015
Frank W. Elwell — Immanuel Wallerstein's World-Systems Theory
25 slide presentation of Immanuel Wallerstein's World-Systems Theory by Frank W. Elwell, author of Macrosociology: Four Modern Theorists. Wallerstein was a student of C. Wright Mills, Professor of sociology at Columbia University and author of The Power Elite.
Wallerstein's World-Systems Theory is power-based. It deals with flows of people, information, resources, products, and wealth in a world-system that is social(institutional), political (power-based) and economic (distributive). It is a Marxian analysis that sees the ultimate outcome of the world game being socialism after the breakdown of capitalism owing to its internal contradictions.
If you are are not familiar with Wallerstein, this is a good introduction to his thinking.
Immanuel Wallerstein's World-Systems Theory
Frank W. Elwell, Professor of Sociology at Murray State University,
ht Jan Milch
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