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Constructing a world fit for Marxism: utopia and utopistics of Professor Wallerstein.(Immanuel Wallerstein)(Critical essay)

From: The American Journal of Economics and Sociology  |  Date: 11/1/2007  |  Author: Savchenko, Andrew

World system theory, founded and developed by Immanuel Wallerstein, continues Marx's original vision of modern economy as a zero-sum game based on exploitation. Ignoring convincing criticism of Marx's economics, Wallerstein broadens spatial confines of the applicability of Marxist economics to include the whole world. Imaginatively combining Marxist and postmodernist frames of reference, Wallerstein constructs a future economic and social system reminiscent of a classical Marxist utopia. This ...

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