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“Arnold Harberger, Milton Friedman & Co. Inc., your modest proposal of partial equilibrium for the general good is not without its own internal contradictions. Moreover, you cannot take complete credit for this program of equilibriation. Although you and your colleagues and disciples at the Department of Economics of the University of Chicago may have dedicated two decades to the design of the program and the technical training of its executors, it took the approach of another major economic and political crisis of capitalism, analogous to that of the 1930's, to mobilize the political support and the military force to instal a government prepared to put your program of equilibration and your equilibrating experts to work in Chile - and you, Milton Friedman, are still waiting to put your part of the same program, complete with Brazilian style indexing, into practice at home for the glory and benefit of the bourgeoisie in the USA, whom you so faithfully serve as paid executors and executioners.”

CapitalismBourgeoisieChileNeoliberalismMilton FriedmanArnold HarbergerChicago BoysCrisis Of Capitalism
Book:Economic Genocide in Chile: Monetarism Versus Humanity
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“Increasingly economic historians can draw analogies between the development of the present crisis and the period between the two world wars, as well as the crisis of a century ago, which was associated with the so-called great depression of 1873-1895. The latter crisis resulted in the rise of monopoly capitalism and imperialism, but also the end of Pax Britannica, as Britain began its decline from world leadership in the face of challenges from Germany and the United States. The present world crisis seems to be spelling the beginning of the end of Pax Americana and may hold untold other major readjustments in the international division of labor and world power in store for the future.”

GermanyUnited States Of AmericaImperialismGreat DepressionGreat BritainWorld PowerMonopoly CapitalismWorld Economic CrisisInternational Division Of LaborPax AmericanaPax Britannica
Book:Reflections on World Economic Crisis
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“As to the efficacy of the policy recommended by Rostow, it speaks for itself: no country, once underdeveloped, ever managed to develop By Rostow's stages. Is that why Rostow is now trying to help the people of Vietnam, the Congo, the Dominican Republic, and other underdeveloped countries to overcome the empirical, theoretical, and policy shortcomings of his manifestly non-communist intellectual aid to economic development and cultural change by bombs, napalm, chemical and biological weapons, and military occupation?”

WarVietnamCongoAmerican ImperialismUnderdeveloped CountriesThe Dominican RepublicW W Rostow
Book:América Latina: Subdesarrrollo o Revolucioón
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“The widely mis-interpreted 1998 'meltdown' of East Asia was a financial symptom of the renewed reality: In fact, it was the first round the world recession again to begin in East Asia and spread from there to the West, instead of vice versa. That marked the beginnings of the return back 360 degrees around the world of the world economic center to Asia where it had always been before those two eighty-year period of temporary Western ascendance. The stock market crash in Hong Kong and the devaluation of the Thai baht and the Indonesian rupia took only 80 seconds to make themselves felt in the London City and on New York's Wall Street. How much of a cultural lag do we still need for popular perception and social theory to catch up with global reality?”

IndonesiaThailandWall StreetEast AsiaSocial TheoryLondon CityGlobal Economic CrisisPopular Perception
Author:André Gunder Frank
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“Modern history, both early and late, was made by Europeans, who "built a world around Europe", as historians "know", according to Braudel. That is indeed the "knowledge" of the European historians who themselves "invented" history and then put it to good use. There is not even an inkling of suspicion that it may have been the other way around, that maybe it was the world that made Europe.”

WorldHistoryEuropeEurocentrismHistoriansEuropeansFernand Braudel
Book:ReORIENT: Global Economy in the Asian Age
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“Most economic histories of the "world" not only omit most extra-European production and exchange (even most of that outside West Europe or even northwest Europe); they neglect the participation of the productive and exchange activities of extra-European countries in the European, not to say world, process of accumulation and development. Moreover, they disregard the part that these productive and exchange relations played in the developing world system.”

DevelopmentEuropeProductionExchangeEconomic HistoryCapital AccumulationWorld System
Book:World Accumulation 1492-1789
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