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Adam Smith in Beijing: Lineages of the 21st Century - Paperback | Diverse Reads

Adam Smith in Beijing: Lineages of the 21st Century

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In the late eighteenth century, the political economist Adam Smith predicted an eventual equalization of power between the West and the territories it had conquered. In this magisterial new work, Giovanni Arrighi shows how China’s extraordinary rise invites us to reassess radically the conventional reading of The Wealth of Nations. He examines how recent US attempts to create the first truly global empire were conceived to counter China’s spectacular economic success Now America’s disastrous failure in Iraq has made the People’s Republic of China the true winner in the US War on Terror.

China may soon become again the kind of noncapitalist market economy that Smith described, an event that will reconfigure world trade and the global balance of power.

ISBN-13: 9781844672981

Media Type: Paperback

Publisher: Verso Books

Publication Date: 01-05-2009

Pages: 432

Product Dimensions: 6.00(w) x 9.10(h) x 1.50(d)

Giovanni Arrighi (1937–2009) was Professor of Sociology at Johns Hopkins University. His books include The Long Twentieth Century, Adam Smith in Beijing, and, with Beverly Silver, Chaos and Governance in the Modern World System. His work has appeared in many publications, including New Left Review—who published an interview on his life-long intellectual trajectory in March–April 2009, and an obituary in Nov–Dec 2009—and there are more accounts on his memorial website.

Table of Contents

List of Figures ix

Preface and Acknowledgments xi

Introduction 1

Part I Adam Smith and the New Asian Age

1 Marx in Detroit, Smith in Beijing 13

2 The Historical Sociology of Adam Smith 40

3 Marx, Schumpeter, and the "Endless" Accumulation of Capital and Power 69

Part II Tracking Global Turbulence

4 The Economics of Global Turbulence 99

5 Social Dynamics of Global Turbulence 121

6 A Crisis of Hegemony 149

Part III Hegemony Unraveling

7 Domination without Hegemony 175

8 The Territorial Logic of Historical Capitalism 211

9 The World State that Never Was 250

Part IV Lineages of the New Asian Age

10 The Challenge of "Peaceful Ascent" 277

11 States, Markets, and Capitalism, East and West 309

12 Origins and Dynamic of the Chinese Ascent 351

Epilogue 379

Bibliography 390

Index 409