1450
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| - | "[[Immanuel Wallerstein]] traces the rise of the [[capitalism|capitalist]] world-economy from the "long" 16th century (c. 1450–1640). The rise of capitalism, in his view, was an accidental outcome of the protracted [[crisis of feudalism]] (c. 1290–1450). Europe ([[Western world|the West]]) used its advantages and gained control over most of the [[world economy]] and presided over the development and spread of [[industrialization]] and capitalist economy, indirectly resulting in [[international inequality|unequal development]]." --Sholem Stein | + | "[[Immanuel Wallerstein]] traces the rise of the [[capitalism|capitalist]] world-economy from the "long" [[16th century]] (c. 1450–1640). The rise of capitalism, in his view, was an accidental outcome of the protracted [[crisis of feudalism]] (c. 1290–1450). Europe ([[Western world|the West]]) used its advantages and gained control over most of the [[world economy]] and presided over the development and spread of [[industrialization]] and capitalist economy, indirectly resulting in [[international inequality|unequal development]]." --Sholem Stein |
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| "[[Capitalism]] as an historical system, which started in [[1450]] will perhaps be no more by 2050." --"[[The World-System after the Cold War]]" (1993) by Immanuel Wallerstein | "[[Capitalism]] as an historical system, which started in [[1450]] will perhaps be no more by 2050." --"[[The World-System after the Cold War]]" (1993) by Immanuel Wallerstein | ||
Revision as of 09:48, 10 September 2019
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"Immanuel Wallerstein traces the rise of the capitalist world-economy from the "long" 16th century (c. 1450–1640). The rise of capitalism, in his view, was an accidental outcome of the protracted crisis of feudalism (c. 1290–1450). Europe (the West) used its advantages and gained control over most of the world economy and presided over the development and spread of industrialization and capitalist economy, indirectly resulting in unequal development." --Sholem Stein "Capitalism as an historical system, which started in 1450 will perhaps be no more by 2050." --"The World-System after the Cold War" (1993) by Immanuel Wallerstein |
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