Immanuel Wallerstein Quotes About Economy

Quotes about: Economy

• The second reason why we haven't observed the growing gap is that our historical and social science analyses have concentrated on what has been happening within the 'middle classes' - that is, to that ten to fifteen percent of the population of the world-economy who consumed more surplus than they themselves produced. Within this sector there really has been a relatively dramatic flattening of the curve between the very top (less than one percent of the total population) and the truly 'middle' segments, or cadres (the rest of the ten to fifteen percent).

  Immanuel Wallerstein

  Curves, Class, Historical

• I rather wish to rest my case on material considerations, not those of the social future but those of the actual historical period of the capitalist world-economy.

  Immanuel Wallerstein

  Historical, Wish, World

  Immanuel Maurice Wallerstein (1995). “Capistalist Civilisation”, p.100, Verso

• The very concept of universal formal education is a product (and a relatively late product) of the capitalist world-economy.

  Immanuel Wallerstein

  World, Economy, Formal

  Immanuel Maurice Wallerstein (1995). “Capistalist Civilisation”, p.126, Verso

• 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

  Men, Long, World

  Immanuel Wallerstein (1979). “The Capitalist World-Economy”, p.15, Cambridge University Press

• It is historically the case that virtually every new zone incorporated into the world-economy established levels of real remuneration which were at the bottom of the world-system's hierarchy of wage-levels.

  Immanuel Wallerstein

  Real, World, Levels

  Immanuel Maurice Wallerstein (1995). “Capistalist Civilisation”, p.39, Verso

• This is a steady, ceaseless process, impossible to contain as long as the economy driven by the endless accumulation of capital. The system may prolong its life by slowing down some of the activities which are wearing it out, but death always looms somewhere on the horizon.

  Immanuel Wallerstein

  Long, Horizon, May

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