“The widely mis-interpreted 1998 'meltdown' of East Asia was a financial symptom of the renewed reality: In fact, it was the first round the world recession again to begin in East Asia and spread from there to the West, instead… — André Gunder Frank Copy Share Image
“Arnold Harberger, Milton Friedman & Co. Inc., your modest proposal of partial equilibrium for the general good is not without its own internal contradictions. Moreover, you cannot take complete credit for this program of equilibriation. Although you and your colleagues and disciples at the Department of Economics of the University of Chicago may have dedicated two decades to the design… — André Gunder Frank Copy Share
“The crisis is a period in which a diseased social, economic, and political body or system cannot live on as before and is obliged, on pain of death, to undergo transformations that will give it a new lease on life. Therefore, this period of crisis is a historical moment of danger and suspense during which the crucial decisions and transformations… — André Gunder Frank Copy Share
“It is ironic that Keynesianism originated as a weapon to combat depression, but became universally accepted and "successful" only during (and because of!) the postwar expansion. At the first sign of renewed world recession, Keynesian theory has proved itself to be a snare and a delusion that has gone into immediate bankruptcy. The resulting "post-Keynesian synthesis" is also the theoretical… — André Gunder Frank Copy Share
“As to the efficacy of the policy recommended by Rostow, it speaks for itself: no country, once underdeveloped, ever managed to develop By Rostow's stages. Is that why Rostow is now trying to help the people of Vietnam, the Congo, the Dominican Republic, and other underdeveloped countries to overcome the empirical, theoretical, and policy shortcomings of his manifestly non-communist intellectual… — André Gunder Frank Copy Share
“The world system wide reality is the competitive dog-eat-dog war of all against all (à la Hobbes), in which only the few can win… — André Gunder Frank Copy Share Image
“Modern history, both early and late, was made by Europeans, who "built a world around Europe", as historians "know", according to Braudel. That is indeed the "knowledge" of the European historians who themselves "invented" history and then put it to good use. There is not even an inkling of suspicion that it may have been the other way around, that… — André Gunder Frank Copy Share
“The widely mis-interpreted 1998 'meltdown' of East Asia was a financial symptom of the renewed reality: In fact, it was the first round the… — André Gunder Frank Copy Share Image
“Most economic histories of the "world" not only omit most extra-European production and exchange (even most of that outside West Europe or even northwest… — André Gunder Frank Copy Share Image
“The most visible and often tragic sacrifice of proletarian socialism - not to mention internationalism - on the altar of nationalism, of course, has… — André Gunder Frank Copy Share Image
“Increasingly economic historians can draw analogies between the development of the present crisis and the period between the two world wars, as well as… — André Gunder Frank Copy Share Image
