The historical record suggests that the transition to to a new hegemon has always been attended by what I have elsewhere called hegemonic war.

Trade is the oldest and most important economic nexus among nations. Indeed, trade along with war ha been central to the evolution of international relations.

The competitive nation-state system, with all its capacity for good and evil, is spreading in the Third World and is transforming that world.

In the abstract world of American economists, equations run both ways; they believe that by changing the sign of a variable from plus to minus or from minus to plus or the price and quantity of x or y, the direction of historical movement can be reversed.

In short, the elimination of the financial legacy of Reaganomics could force the United States to make some exceptionally difficult choices indeed.

There is a pressing need to integrate the study of international economics with the study of international politics to deepen our comprehension of the forces at work in the world.

One reason for the primacy of the market in shaping the modern world is that it forces a reorganization of society in order to make the market work properly . When a market comes into existence, as Marx fully appreciated, it becomes a potent force driving social change.