“The parallel existence and mutual interaction of "state" and "market" in the modern world create "political economy"; without both state and market there could be no political economy.”

Source: The Political Economy of International Relations (1987), Chapter One, Nature of Political Economy, p. 8

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The parallel existence and mutual interaction of "state" and "market" in the modern world create "political economy"; w…" by Robert Gilpin?
Robert Gilpin photo
Robert Gilpin 41
Political scientist 1930–2018

Related quotes

Mark Latham photo
Kai Ryssdal photo

“The stock market is not the economy, and the economy is not the stock market.”

Kai Ryssdal (1963) Radio host, United States Navy officer

repeatedly on his radio program " Marketplace APM https://www.marketplace.org/2019/09/30/the-stock-market-is-not-the-economy/" (September 2019)

Karl Polanyi photo
Deng Xiaoping photo

“A basic contradiction between socialism and the market economy does not exist.”

Deng Xiaoping (1904–1997) Chinese politician, Paramount leader of China

As quoted in Daily report: People's Republic of China, Editions 240-249 (1993), p. 30
Interview, Time, 4 November 1985.
Variant: There are no fundamental contradictions between a socialist system and a market economy.

C. Wright Mills photo
Kim Dae-jung photo

“I believe democracy is the foundation of a healthy economy. Without genuine democracy you cannot have a genuine market economy. And, under the market economy, one must fully open doors to allow free trade and investment.”

Kim Dae-jung (1924–2009) South Korean politician

"Interview: President Kim Dae Jung" in TIME Asia http://www.cnn.com/ASIANOW/time/magazine/99/0913/interview.html (13 September 1999)

John Kenneth Galbraith photo

“When the modern corporation acquires power over markets, power in the community, power over the state and power over belief, it is a political instrument, different in degree but not in kind from the state itself.”

John Kenneth Galbraith (1908–2006) American economist and diplomat

Power and the Useful Economist (1973)
Context: When the modern corporation acquires power over markets, power in the community, power over the state and power over belief, it is a political instrument, different in degree but not in kind from the state itself. To hold otherwise — to deny the political character of the modern corporation — is not merely to avoid the reality. It is to disguise the reality. The victims of that disguise are those we instruct in error. The beneficiaries are the institutions whose power we so disguise. Let there be no question: economics, so long as it is thus taught, becomes, however unconsciously, a part of the arrangement by which the citizen or student is kept from seeing how he or she is, or will be, governed.

Related topics