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Immanuel Wallerstein - The Capitalist World-Economy (1979)

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The essential feature of a capitalist world-economy... is production for sale in a market in which the object is to realize the maximum profit is the essential feature of a capitalist world-economy. In such a system production is constantly expanded as long as further production is profitable, and men constantly innovate new ways of producing things that will expand the profit margin.

Immanuel Wallerstein

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Immanuel Wallerstein

Immanuel Wallerstein
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Born: September 28, 1930
Died: August 31, 2019 (aged 88)
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