Adam Smith in Beijing: Lineages of the Twenty-First CenturyIn the late eighteenth century, the political economist Adam Smith predicted an eventual equalization of power between the West and the territories it had conquered. In this magisterial new work, Giovanni Arrighi shows how China's extraordinary rise invites us to reassess radically the conventional reading of The Wealth of Nations. He examines how recent US attempts to create the first truly global empire were conceived to counter China's spectacular economic success Now America's disastrous failure in Iraq has made the People's Republic of China the true winner in the US War on Terror. China may soon become again the kind of noncapitalist market economy that Smith described, an event that will reconfigure world trade and the global balance of power. |
Contents
Marx in Detroit Smith in Beijing | |
The Historical Sociology of Adam Smith | |
Marx Schumpeter and the Endless Accumulation | |
The Economics of Global Turbulence | |
Social Dynamics of Global Turbulence | |
A Crisis of Hegemony | |
Domination without Hegemony | |
The Territorial Logic of Historical Capitalism | |
The World State that Never | |
The Challenge of Peaceful Ascent | |
Epilogue | |
Notes | |
Bibliography | |
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Common terms and phrases
accumulation by dispossession Asia Beijing belle époque boom Brenner Britain British Bush administration capacity capitalist capitalist development centers central Chaos and Governance Chapter China Cold War contrast corporations countries created crisis of profitability currency deficits developmental path division of labor dollar domination Dutch dynamic East Asian economic development economic growth emergence empire escalating Europe European financial expansion force foreign Giovanni Arrighi Global Turbulence greater Harvey hegemony History Ibid imperial important income increase India Industrial Revolution inter-capitalist competition interest International Herald Tribune investment Iraq Iraqi Japan Japanese late London long downturn Long Twentieth Century manufacturing market-based Marx Marx’s means military Ming modern nonetheless over-accumulation overseas Chinese Plaza Accord policies political economy population protection Qing reforms region rise role Smith Smithian social spatial fix strategy struggle Sugihara surplus Taiwan tendency territorial theory transformation United Vietnam wages Wealth of Nations Western workers world economy York