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The Modern World System: Capitalist Agriculture and the Origins of the European World Economy in the Sixteenth Century (New York: Academic Press, 1974)
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The Modern World System: Capitalist Agriculture and the Origins of the European World Economy in the Sixteenth Century (New York: Academic Press, 1974) In his book, The Modern World System: Capitalist Agriculture and the Origins of the European World Economy in the Sixteenth Century, Immanual Wallerstein proposes a theoretical paradigm to recognize the historical changes involved in the rise of the modern world. The modern world system, fundamentally capitalist, followed the crisis of the feudal system and helps explain the rise of Western Europe to world supremacy between 1450 and 1670. According to Wallerstein, his theory provides a comprehensive understanding of the external and internal appearance of the modernization process during this period-thus, making possible analytically sound comparisons between different parts of the world. The most significant aspect of his theoretical framework includes four different categories (i.e. core, semi-peripheral, peripheral, and external) that all parts of the world may be put into...
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