States Versus Markets

This edition improves on an already outstanding text. What Schwartz does here is highly unusual and highly rewarding: he draws students into an adventure in learning that conveys knowledge about both the origins and evolution of a global political economy and the development of IPE as a branch of learning. And he brings it up to-date in a manner that places students at the center of important contemporary debates. If students have a choice of textbooks, this is the one. * Randall D. Germain, Carleton University, Canada * States Versus Markets has long been essential reading for those who seek to understand globalization and its periodic struggles with global imbalances and financial volatility. Professor Schwartz has now done it for the third time, and in keeping with his record this new third edition is yet better and richer than earlier excellence. Unlike more simplistic accounts, this highly approachable work offers a clear understanding of how and where 'globalization' came from and what it actually means for contemporary societies, gently debunking well-worn myths along the way. It is not only an impressive work of scholarship but also a pleasure to read, culminating in a dramatic account of financial crisis and the future of the global political economy. * Geoffrey R.D. Underhill, University of Amsterdam * This is the outstanding textbook in the field. It brilliantly combines conceptual rigour, historical depth, and empirical breadth within a powerful framing of how overlapping forms of state and market power have shaped the politics of globalization. I can think of no better introduction to political economy. * Jeremy Green, University of Cambridge, UK * Like a fine wine, this book is getting ever better with age. Every previous edition of States Versus Markets has excelled in communicating what the world looked like at that particular time. The new edition works exceptionally well in doing exactly the same for a world undergoing incredibly large political change. * Matthew Watson, University of Warwick, UK * There is no better advanced introduction to the politics of the global economy than States Versus Markets. Conceptually sophisticated but accessible, the book achieves a rare balance between depth and breadth. * Liam Stanley, University of Sheffield, UK *

HERMAN MARK SCHWARTZ is Professor of Politics, University of Virgnia, USA.

Introduction PART I: STATES, AGRICULTURE, AND GLOBALIZATION Chapter 1. The Rise of the Modern State Chapter 2. European Mafias Abroad Chapter 3. States, Markets, and the Origins of International Inequality Chapter 4. Economic and Hegemonic Cycles Chapter 5. The Industrial Revolution and Late Development Chapter 6. Agricultural Exporters and the Search for Labour Chapter 7. Agriculture-Led Growth and Crisis in the Periphery Chapter 8. The Collapse of the Nineteenth-Century Economy PART II THE RISE AND FALL AND RISE AGAIN OF GLOBALIZATION Chapter 9. Depression 2.0, US Domestic Politics, and the Foundation of the Post-World War II System Chapter 10. International Money, Capital Flows, and Domestic Politics Chapter 11. Transnational Firms Chapter 12. Industrialization in the Old Agricultural Periphery Chapter 13. Trade and the rise and fall of Globalization 2.0 Chapter 14. US Hegemony From Below Chapter 15. US Hegemony and Global Stability