“The essential feature of a capitalist world-economy… is production for sale in a market in which the object is to realize the maximum profit is the essential feature of a capitalist world-economy. In such a system production is constantly expanded as long as further production is profitable, and men constantly innovate new ways of producing things that will expand the profit margin.”

Wallerstein (1979) The Capitalist World-Economy. p. 15.

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Immanuel Wallerstein6

economic historian 1930–2019

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