The Long Twentieth Century. Money, Power and the Origins of Our Time. New and updated edition

The Long Twentieth Century traces the epochal shifts in the relationship between capital accumulation and state formation over a 700-year period. 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 book concludes with an examination of the forces which have shaped and are now poised to undermine America's world power.