Robert Gilpin - Market Quotes

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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.

Robert Gilpin
These two opposed forms of social organization, the modern state and the market, have evolved together through recent centuries, and their mutual interactions have become increasingly crucial to the character and dynamics of international relations in our world.

Robert Gilpin
Both the control of territory and the political domination of one state over another have profound consequences for international economic relations. However... market power or economic power has itself become a principal means by which states seek to organize and manipulate the international division of labor to their own advantage.

Robert Gilpin
Specialization makes the welfare of the society vulnerable to the market and to political forces beyond national control.

Robert Gilpin
The dreams of "leaving it up to the market" or of returning to a politically neutral gold standard cannot succeed because the nature of the monetary system has a profound impact on the interests of powerful groups and states. Affected groups and states will always try to intervene in the operation of the system to make it serve their interests.

Robert Gilpin
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.

Robert Gilpin
A market is not politically neutral; its existence creates economic power which one actor can use against another.

Robert Gilpin