A crisis of hegemony

Abstract

Preeminent theoreticians of the world economy set out their understanding of the long-term dynamics of global capitalism. Writing in 1982, four of the foremost theoreticians of the world economy set out their understanding of the long-term dynamics of global capitalism. Dismissing the still-existing Soviet Union as a "paper tiger", they focused instead on the contradictions of the capitalist world-economy and produced work that canvassed the key forces that have dominated the end of the twentieth and start of the twenty-first centuries.