The Modern World-System II
Mercantilism and the Consolidation of the European World-Economy, 1600–1750
Publication Year: 2011
Published by: University of California Press
Title Page, Copyright, Dedication
List of Illustrations
The following persons read one or more chapters of the manuscript and gave me the benefit of their detailed comments and/or objections: Perry Anderson, Sven-Erik Astrom, Nicole Bousquet, Stuart Bruchey, Aldo de Maddalena, Emiliario Fernandez de Pinedo, Andre Gunder Frank, Walter Goldfrank, Terence K. Hopkins, Hermann Kellenbenz, E. H. Kossmann, Witold Kula (and
Prologue to the 2011 Edition
This volume starts with the question of how to describe what was going on in Europe during the seventeenth century. The great debate of the 1950s and 1960s about the "crisis" of the seventeenth century laid a great deal of emphasis on the "feudal" character of its processes. Most authors interpreted this to mean that there was a "refeudalization" of Europe. Volume 2...
INTRODUCTION: CRISIS OF THE SEVENTEENTH CENTURY?
The work of historians of European price trends between the two world wars1 along with the theory of secular economic cycles (trends that go up and down over approximately 250 years) with its two phases (A and B), elaborated by Frangois Simiarid2 have bequeathed us a generalization about early modern European history that still seems largely accepted: There was expansion in the sixteenth century...
1. THE B-PHASE
The core of the European world-economy was by 1600 firmly located in northwest Europe, that is, in Holland and Zeeland; in London, the Home Counties, and East Anglia; and in northern and western France.2 The political units in which these core areas were located were rather different in size, form, and politics, and they underwent significant changes in the following century and a half; but economically these zones were more alike than different. As observed...
2. DUTCH HEGEMONY IN THE WORLD ECONOMY
Figure 3: "Jan Uytenhogaert, Receiver-General," by Rembrandt van Rijn. The 1639 etch-ing is more popularly known as "The Goldweigher." The style is one of affluent solemnity,almost sanctity; compare this with portraits of money-changers by sixteenth-century artists,The core of the European world-economy was by 1600 firmly located innorthwest Europe, that is, in Holland and Zeeland; in London, the Home...
3. STRUGGLE IN THE CORE—PHASE I: 1651–1689
Dutch hegemony was first really challenged in 1651. Why only then? Surely not because England and France did not want to do it earlier. It was rather because they were too preoccupied with their internal problems to carry through "any vigorous effort at breaking the hegemony of Holland."2 The half-century after 1650 throughout Europe was a period of cessation in population growth only, either through decline or leveling off, and the curves started to go up...
4. PERIPHERIES IN AN ERA OF SLOW GROWTH
Periods of expansion of the world-economy are relatively easy to summarize. Production is expanding overall and in most places. Employment is extensive. Population is growing. Prosperity is the sign of the time. That real wages for large numbers of people may in fact be declining is less visible in the steady inflation of nominal prices. There is considerable social ferment, but it is a ferment...
5. SEMIPHERIPHERIES AT THE CROSSROADS
One constant element in a capitalist world-economy is the hierarchical (and spatially distributed) division of labor. However, a second constant element is the shifting location of economic activity and consequently of particular geographic /ones in the world-system. From the point of view of state-machineries, regular, but not continuous, alterations in the relative economic strength...
6. STRUGGLE IN THE CORE—PHASE II: 1689–1763
One cannot analyze social phenomena unless one bounds them in space and time. We have made the concept of spatial boundaries a central axis of the analysis in this book; but what of time and the perennial issues of periodization on which the writers of history are so much divided? We have asserted that the meaningful unit of time to cover in this volume is approximately from 1600 to 1750. This is seen as a period in which the European world-economy went...
Page Count: 397
Publication Year: 2011
OCLC Number: 868834708
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