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The essential argument of the world-system theory is that in the 16th century a capitalist world economy developed, which could be described as a world system. [56] The following is a theoretical critique concerned with the basic claims of world-system theory: "There are today no socialist systems in the world-economy any more than there are ...
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Chase-Dunn is the author, co-author, editor, or co-editor of over a dozen books, including most notably Global Formation: Structures of The World-Economy, a major theoretical synthesis and restatement of the world-systems approach to the study of social change.
Janet Lippman Abu-Lughod (August 3, 1928 – December 14, 2013) was an American sociologist who made major contributions to world-systems theory and urban sociology. [ 1 ] [ 2 ] Early life
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While Wallerstein was quite clear that the interstate system followed the development of a world-economy, and state policies largely reflected internal pressures from economic actors, [14] other world-systems theorists like Christopher Chase-Dunn view the interstate system and world-economy as concomitant processes with no clear causal priority.
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A world-system is a socioeconomic system, under systems theory, that encompasses part or all of the globe, detailing the aggregate structural result of the sum of the interactions between polities. World-systems are usually larger than single states , but do not have to be global.