“Production for sale in a market in which the object is to realize the maximum profit is the essential feature of a capitalist world-economy. In such a system production is constantly expanded as long as further production is profitable, and men constantly innovate new ways of producing things that will expand the profit margin.”
Quote by Immanuel Wallerstein
Work
The Capitalist World-Economy
This book delves into the structure and dynamics of the capitalist world-economy, examining its historical development, current state, and implications for the future. more
Author
Immanuel Wallerstein
Immanuel Wallerstein is a renowned American sociologist known for his contributions to world-systems theory. His research focuses on globalization and international relations, profoundly influencing the understanding of the modern world order. more
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