"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."

“One of the principal functions of war, and particularly... hegemonic war, is to determine the international hierarchy of prestige and thereby determine which states will in effect govern the international system.”

“The clustering of technological innovation in time and space helps explain both the uneven growth among nations and the rise and decline of hegemonic powers.”

“One reason for the primacy of the market in shaping the modern world is that it forces a reorganization of society in order to make the market work properly . When a market comes into existence, as Marx fully appreciated, it becomes a potent force driving social change.”

“In short, the elimination of the financial legacy of Reaganomics could force the United States to make some exceptionally difficult choices indeed.”

“Specialization makes the welfare of the society vulnerable to the market and to political forces beyond national control.”

“The multinational corporation and international production reflect a world in which capital and technology have become increasingly mobile, while labor has remained relatively immobile.”