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Historical Perspectives on States, Markets and Capitalism, East and West

Published online by Cambridge University Press:  07 May 2025

Giovanni Arrighi
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Giovanni Arrighi, an authority on the political economy and geopolitics of world social change, here reflects comparatively on states and markets East and West at the dawn of capitalism. Ranging widely across Smith, Marx, Weber and Braudel, he assesses the logic and interplay of China's tribute trade system and Europe's emerging capitalism. This article draws on and extends a chapter from his new book, Adam Smith in Beijing. Lineages of the Twenty-First Century, which looks across the last five hundred years to consider the emerging position of East Asia in an epoch that marks the end of US hegemony. MS

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Research Article
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Asia-Pacific Journal , Volume 6 , Issue 1 , January 2008 , e9
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