Neil Wilcock did an undergraduate degree in economics and international relations at the University of Aberdeen, UK, and a master's degree on the Erasmus Mundus Global Studies programme hosted by the Global and European Studies Institute, University of Leipzig, Germany. His principal fields of interest lie in political economy and the European Union. Neil is originally from Glasgow in Scotland. Corina Scholz is also a graduate of the Erasmus Mundus Global Studies programme. A German national, she first graduated at the University of Erfurt, Germany, in political sciences, economics and study of religion. Her main interests are development and the international political economy. Hartmut Elsenhans is a German political scientist and Emeritus Professor of International Relations at the University of Leipzig, Germany. His principle focuses are economic theory, development studies, national and social emancipator movements, and the European Union. He is currently working on a six volume series on his world economic theory.

"Scholz and Wilcock have presented a highly valuable and fun-to-read piece. ... It is a great present Scholz and Wilcock have made them ... in making his original theories and concepts challenging conventionally accepted axioms potentially more accessible to a wider public." (Christoph Sorg, Global Politics Review, Vol. 2 (1), April, 2016) 'Hartmut Elsenhans is one of the most outstanding scholars on Capitalist World System theory: on rent theory, marginality, underdevelopment, and underconsumption. This idea-driven book should help to re-discover his 'grand theories' a timely contribution to the discussions on inequality and poverty.' Professor Robert Kappel, German Institute of Global and Area Studies, Germany 'This book does justice to Hartmut Elsenhans' incredible range of interests and equally matched erudition. He is contentious, controversial and convincing in equal measures the hallmark of true originality.' Emeritus Professor Harbans Mukhia, Jawaharlal Nehru University, India 'Hartmut Elsenhans' economic theory has long been one of the best tools for understanding the failure of so many development policies. However, Elsenhans' work has long been inaccessible to many because it demands a sophisticated understanding of both neoclassical and Marxist economics. Wilcock and Scholz have done a wonderful service by making Elsenhans' understanding of modern capitalism accessible to a wider audience. This is an important and timely book.' Professor Craig N. Murphy, Wellesley College, USA

• Foreword by Hartmut Elsenhans Preface and Acknowledgements 1. Introduction 2. Rent 3. Marginality 4. Overcoming Underdevelopment 5. A Convoy Model of Globalisation 6. An Underconsumption Crisis 7. General Thoughts on Capitalism 8. Nongovernmental Organisations 9. Europe, the European Union and the Eurozone 10. Social Movements and New Cultural Identitarian Political Movements 11. Career, Criticisms, Creed and Other Issues