Winner of the American Sociological Association PEWS Award (1995) for Distinguished Scholarship The Long Twentieth Century traces the epochal shifts in the relationship between capital accumulation and state formation over a 700-year period. Giovanni Arrighi masterfully synthesizes social theory, comparative history and historical narrative in this account of the structures and agencies which have shaped the course of world history over the millennium. Borrowing from Braudel, Arrighi argues that the history of capitalism has unfolded as a succession of "long centuries"—ages during which a hegemonic power deploying a novel combination of economic and political networks secured control over an expanding world-economic space. The modest beginnings, rise and violent unravel-ing of the links forged between capital, state power, and geopolitics by hegemonic classes and states are explored with dramatic intensity. From this perspective, Arrighi explains the changing fortunes of Florentine, Venetian, Genoese, Dutch, English, and finally American capitalism. The book concludes with an examination of the forces which have shaped and are now poised to undermine America's world power.

Winner of the American Sociological Association PEWS Award for Distinguished Scholarship: a comprehensive analysis of the development of world capitalism over the millennium.

The Long Twentieth Century traces the relationship between capital accumulation and state formation over a 700-year period. Arrighi argues that capitalism has unfolded as a succession of “long centuries,” each of which produced a new world power that secured control over an expanding world-economic space. Examining the changing fortunes of Florentine, Venetian, Genoese, Dutch, English and finally American capitalism, Arrighi concludes with an examination of the forces that have shaped and are now poised to undermine America’s world dominance. A masterpiece of historical sociology, The Long Twentieth Century rivals in scope and ambition contemporary classics by Perry Anderson, Charles Tilly and Michael Mann.

The biological transformation of modern times -- The foundations of the modern global economy -- Reorganizing the global economy -- Localization and globalization -- The great explosion -- New world (dis)order -- High modernity -- Revolt and refusal -- Transformative modernity -- Democracy and capitalism triumphant

“An important and much-needed introduction to this rich and fast-growing field. Hershatter has handled a daunting task with aplomb.” —Susan L. Glosser, author of Chinese Visions of Family and State, 1915–1953

"A co-publication with the Social Science Research Council."

Examines the array of financial crises, slumps, depressions and recessions that happened around the globe during the twentieth century.