Immanuel Wallerstein Quotes


The first and probably most fundamental aspect of this crisis is that we are now close to the commodification of everything. That is, historical capitalism is in crisis precisely because, in pursuing the endless accumulation of capital, it is beginning to approximate that state of being Adam Smith asserted was 'natural' to man but which has never historically existed. The 'propensity [of humanity] to truck, barter, and exchange one thing for another' has entered into domains and zones previously untouched, and the pressure to expand commodification is relatively unchecked.


Citations

Wallerstein, Immanuel. Historical Capitalism with Capitalist Civilization. Verso, 1995, p. 144.

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Immanuel Wallerstein
Immanuel Wallerstein
  • Born: September 28, 1930
  • Died: August 31, 2019
  • Nationality: American
  • Profession: Sociologist, Scholar

Immanuel Maurice Wallerstein was an American sociologist and economic historian. He is perhaps best known for his development of the general approach in sociology which led to the emergence of his world-systems approach. He was a Senior Research Scholar at Yale University from 2000 until his death in 2019, and published bimonthly syndicated commentaries through Agence Global on world affairs from October 1998 to July 2019.