The parallel existence and mutual interaction of "state" and "market" in the modern world create "political economy"; without both state and market there could be no political economy.

Among the many factors that make a return to halcyon days of the first decades of the postwar era virtually impossible is the decline of clearly defined political leadership.

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

The core of the Marxist critique of capitalism is that although the individual capitalist is rational (as liberals assume), the capitalist system itself is irrational.

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.

Many critics see international trade as a form of cultural imperialism that must be strictly controlled.

A prolonged and massive increase in aggregate wealth per capita has taken place over several centuries.