--- title: "Meaning & Key Takeaway of: The parallel existence and mutual…" description: "\"The parallel existence and mutual interaction of \"state\" and \"market\" in the modern world create \"political economy\"; without both state and market the..." image: "https://sms4smile.com/quotes/i/c92/robert-gilpin-21696_economics_the-parallel-existence-and-mutual-intera_94808.jpg" --- # The parallel existence and mutual interaction of "state"… ![“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.” quote by Robert Gilpin](https://sms4smile.com/quotes/i/c92/robert-gilpin-21696_economics_the-parallel-existence-and-mutual-intera_94808.jpg) [Download](https://sms4smile.com/quotes/i/c92/robert-gilpin-21696_economics_the-parallel-existence-and-mutual-intera_94808.jpg) [Open image](https://sms4smile.com/quotes/i/c92/robert-gilpin-21696_economics_the-parallel-existence-and-mutual-intera_94808.jpg) > “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.” [Robert Gilpin](https://sms4smile.com/quotes/author/robert-gilpin/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The statement defines political economy as the inseparable interaction of state authority and market forces, asserting that both are essential for the system’s existence and function. **In simple terms:** State and market jointly form political economy. Key Takeaway Neither can exist without the other. Themes political economy state power market dynamics interdependence institutional theory Mood analytical objective formal Type definition theoretical claim explanatory When to use this quote - policy analysis - economic history - international relations - development studies Key Concepts state market interaction mutual dependence Practical Applications - academic research - government strategy Questions to Reflect On - How does the balance shift in different societies? - What happens when one side dominates? A Different Perspective Some theorists claim that market mechanisms can operate independently of state influence in certain contexts. ★ ★ ★ ★ ★ No ratings yet [Economics](https://sms4smile.com/quotes/about/economics/) [Economy](https://sms4smile.com/quotes/about/economy/) [Existence](https://sms4smile.com/quotes/about/existence/) [Interaction](https://sms4smile.com/quotes/about/interaction/) [Investing](https://sms4smile.com/quotes/about/investing/) [Life](https://sms4smile.com/quotes/about/life/) [Modern world](https://sms4smile.com/quotes/about/modern-world/) [Political](https://sms4smile.com/quotes/about/political/) [Political economy](https://sms4smile.com/quotes/about/political-economy/) [Politics](https://sms4smile.com/quotes/about/politics/) [World](https://sms4smile.com/quotes/about/world/) ## Related quotes > [I support the state, but not the state-run economy. The state should intervene only to create the conditions necessary for the private sector to…](https://sms4smile.com/quotes/abdoulaye-wade/i-support-the-state-but-not-the-state-run-economy-the-state-should/) [Abdoulaye Wade](https://sms4smile.com/quotes/author/abdoulaye-wade/) > [It is impossible to objectively define how free a market is. This is a political definition. Government is always involved, and those free marketers…](https://sms4smile.com/quotes/ha-joon-chang/it-is-impossible-to-objectively-define-how-free-a-market-is-this-is-a/) [Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/) > [There is a state that is able to understand the demand in the economy. That state should use prices as an instrument for implementation…](https://sms4smile.com/quotes/anatoly-chubais/there-is-a-state-that-is-able-to-understand-the-demand-in-the-economy/) [Anatoly Chubais](https://sms4smile.com/quotes/author/anatoly-chubais/) > [A society is not a market. It is a political community.](https://sms4smile.com/quotes/michael-ignatieff/a-society-is-not-a-market-it-is-a-political-community/) [Michael Ignatieff](https://sms4smile.com/quotes/author/michael-ignatieff/) > [The opposing tendencies of concentration and spread are of little consequence in the liberal model of political economy.](https://sms4smile.com/quotes/robert-gilpin/the-opposing-tendencies-of-concentration-and-spread-are-of-little/) [Robert Gilpin](https://sms4smile.com/quotes/author/robert-gilpin/) > [Nearly half the earth's surface is unclaimed by any country, so seasteads would be startup countries on the blue frontier. Patri Friedman is a…](https://sms4smile.com/quotes/joe-quirk/nearly-half-the-earth-s-surface-is-unclaimed-by-any-country-so/) [Joe Quirk](https://sms4smile.com/quotes/author/joe-quirk/) > [Many writers upon the science of political economy have declared that it is the duty of a nation first to encourage the creation of…](https://sms4smile.com/quotes/leland-stanford/many-writers-upon-the-science-of-political-economy-have-declared-that/) [Leland Stanford](https://sms4smile.com/quotes/author/leland-stanford/) > [“Our political economy and our high-energy industry run on large, general principles, on ideas — not by day-to-day guess work, expedients and improvisations. Ideas…](https://sms4smile.com/quotes/william-f-buckley/our-political-economy-and-our-high-energy-industry-run-on-large/) [William F. Buckley](https://sms4smile.com/quotes/author/william-f-buckley/) > [It's called political economy because it is has nothing to do with either politics or economy.](https://sms4smile.com/quotes/stephen-leacock/it-s-called-political-economy-because-it-is-has-nothing-to-do-with/) [Stephen Leacock](https://sms4smile.com/quotes/author/stephen-leacock/) > [There is no part of the administration of government that requires extensive information and a thorough knowledge of the principles of political economy, so…](https://sms4smile.com/quotes/alexander-hamilton/there-is-no-part-of-the-administration-of-government-that-requires/) [Alexander Hamilton](https://sms4smile.com/quotes/author/alexander-hamilton/) > [“Without being aware that I was following in my father’s footsteps, I read, before I went to Cambridge, Mill’s Logic and Political Economy, and…](https://sms4smile.com/quotes/bertrand-russell/without-being-aware-that-i-was-following-in-my-father-s-footsteps-i/) [Bertrand Russell](https://sms4smile.com/quotes/author/bertrand-russell/) > [We propose in the following Treatise to give an outline of the Science which treats of the Nature, the Production, and the Distribution of…](https://sms4smile.com/quotes/nassau-william-senior/we-propose-in-the-following-treatise-to-give-an-outline-of-the/) [Nassau William Senior](https://sms4smile.com/quotes/author/nassau-william-senior/) > [The prevailing ideology of the modern west - which is political economy - is in the doghouse. Having failed to notice atmospheric pollution, the…](https://sms4smile.com/quotes/james-buchan/the-prevailing-ideology-of-the-modern-west-which-is-political-economy/) [James Buchan](https://sms4smile.com/quotes/author/james-buchan/) > [“The failure of India's public institutions to keep pace with the dramatic political, economic and social transformations under way has led to severe gaps…](https://sms4smile.com/quotes/milan-vaishnav/the-failure-of-india-s-public-institutions-to-keep-pace-with-the/) Milan Vaishnav > [As in the instances of alchemy, astrology, witchcraft, and other such popular creeds, political economy, has a plausible idea at the root of it.](https://sms4smile.com/quotes/john-ruskin/as-in-the-instances-of-alchemy-astrology-witchcraft-and-other-such/) [John Ruskin](https://sms4smile.com/quotes/author/john-ruskin/) ## More by Robert Gilpin > [Among the many factors that make a return to halcyon days of the first decades of the postwar era virtually impossible is the decline…](https://sms4smile.com/quotes/robert-gilpin/among-the-many-factors-that-make-a-return-to-halcyon-days-of-the/) [Robert Gilpin](https://sms4smile.com/quotes/author/robert-gilpin/) > [A market is not politically neutral; its existence creates economic power which one actor can use against another.](https://sms4smile.com/quotes/robert-gilpin/a-market-is-not-politically-neutral-its-existence-creates-economic/) [Robert Gilpin](https://sms4smile.com/quotes/author/robert-gilpin/) > [In the abstract world of American economists, equations run both ways; they believe that by changing the sign of a variable from plus to…](https://sms4smile.com/quotes/robert-gilpin/in-the-abstract-world-of-american-economists-equations-run-both-ways/) [Robert Gilpin](https://sms4smile.com/quotes/author/robert-gilpin/) > [The world economy diffuses rather than concentrates wealth.](https://sms4smile.com/quotes/robert-gilpin/the-world-economy-diffuses-rather-than-concentrates-wealth/) [Robert Gilpin](https://sms4smile.com/quotes/author/robert-gilpin/) > [There is a pressing need to integrate the study of international economics with the study of international politics to deepen our comprehension of the…](https://sms4smile.com/quotes/robert-gilpin/there-is-a-pressing-need-to-integrate-the-study-of-international/) [Robert Gilpin](https://sms4smile.com/quotes/author/robert-gilpin/) > [The historical record suggests that the transition to to a new hegemon has always been attended by what I have elsewhere called hegemonic war.](https://sms4smile.com/quotes/robert-gilpin/the-historical-record-suggests-that-the-transition-to-to-a-new/) [Robert Gilpin](https://sms4smile.com/quotes/author/robert-gilpin/) > [The multinational corporation and international production reflect a world in which capital and technology have become increasingly mobile, while labor has remained relatively immobile.](https://sms4smile.com/quotes/robert-gilpin/the-multinational-corporation-and-international-production-reflect-a/) [Robert Gilpin](https://sms4smile.com/quotes/author/robert-gilpin/) > [The dreams of "leaving it up to the market" or of returning to a politically neutral gold standard cannot succeed because the nature of…](https://sms4smile.com/quotes/robert-gilpin/the-dreams-of-leaving-it-up-to-the-market-or-of-returning-to-a/) [Robert Gilpin](https://sms4smile.com/quotes/author/robert-gilpin/) > [A prolonged and massive increase in aggregate wealth per capita has taken place over several centuries.](https://sms4smile.com/quotes/robert-gilpin/a-prolonged-and-massive-increase-in-aggregate-wealth-per-capita-has/) [Robert Gilpin](https://sms4smile.com/quotes/author/robert-gilpin/) > [In short, the elimination of the financial legacy of Reaganomics could force the United States to make some exceptionally difficult choices indeed.](https://sms4smile.com/quotes/robert-gilpin/in-short-the-elimination-of-the-financial-legacy-of-reaganomics-could/) [Robert Gilpin](https://sms4smile.com/quotes/author/robert-gilpin/) > [The core of the Marxist critique of capitalism is that although the individual capitalist is rational (as liberals assume), the capitalist system itself is…](https://sms4smile.com/quotes/robert-gilpin/the-core-of-the-marxist-critique-of-capitalism-is-that-although-the/) [Robert Gilpin](https://sms4smile.com/quotes/author/robert-gilpin/) > [The clustering of technological innovation in time and space helps explain both the uneven growth among nations and the rise and decline of hegemonic…](https://sms4smile.com/quotes/robert-gilpin/the-clustering-of-technological-innovation-in-time-and-space-helps/) [Robert Gilpin](https://sms4smile.com/quotes/author/robert-gilpin/) > [“This is not to say that power and security are the sole or even the most important objectives of mankind; as a species we…](https://sms4smile.com/quotes/robert-gilpin/this-is-not-to-say-that-power-and-security-are-the-sole-or-even-the/) [Robert Gilpin](https://sms4smile.com/quotes/author/robert-gilpin/) > [These two opposed forms of social organization, the modern state and the market, have evolved together through recent centuries, and their mutual interactions have…](https://sms4smile.com/quotes/robert-gilpin/these-two-opposed-forms-of-social-organization-the-modern-state-and/) [Robert Gilpin](https://sms4smile.com/quotes/author/robert-gilpin/) > [Many critics see international trade as a form of cultural imperialism that must be strictly controlled.](https://sms4smile.com/quotes/robert-gilpin/many-critics-see-international-trade-as-a-form-of-cultural/) [Robert Gilpin](https://sms4smile.com/quotes/author/robert-gilpin/) [Explore all 28 Robert Gilpin quotes ](https://sms4smile.com/quotes/author/robert-gilpin/) ## More Economics quotes > [Don't let's lose sight of what creates wealth. It is open markets, it is capitalism.](https://sms4smile.com/quotes/rupert-murdoch/don-t-let-s-lose-sight-of-what-creates-wealth-it-is-open-markets-it/) [Rupert Murdoch](https://sms4smile.com/quotes/author/rupert-murdoch/) > [Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.](https://sms4smile.com/quotes/alan-greenspan/crony-capitalism-is-essentially-a-condition-in-which-public-officials/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.](https://sms4smile.com/quotes/mark-zandi/our-biggest-challenge-is-to-eliminate-the-popular-perception-that/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [Advances in technology will continue to reach far into every sector of our economy. Future job and economic growth in industry, defense, transportation, agriculture,…](https://sms4smile.com/quotes/christopher-bond/advances-in-technology-will-continue-to-reach-far-into-every-sector/) [Christopher Bond](https://sms4smile.com/quotes/author/christopher-bond/) > [Our engagement through international economics, trade, these trade agreements, is vital and is linked to our national security. This is a lesson we learned…](https://sms4smile.com/quotes/charles-boustany/our-engagement-through-international-economics-trade-these-trade/) [Charles Boustany](https://sms4smile.com/quotes/author/charles-boustany/) > [“The free-market economy and globalisation process have brought about, in the late twentieth and early twenty-first century, a sharp and sudden rise in the…](https://sms4smile.com/quotes/yaakov-malkin/the-free-market-economy-and-globalisation-process-have-brought-about/) Yaakov Malkin > [“Everything economic science posits as given, that is, the range of dispositions of the economic agent which ground the illusion of the ahistorical universality…](https://sms4smile.com/quotes/pierre-bourdieu/everything-economic-science-posits-as-given-that-is-the-range-of/) [Pierre Bourdieu](https://sms4smile.com/quotes/author/pierre-bourdieu/) > [Politics is about power. It is about the power of the state. It is about the power of the state as applied to individuals,…](https://sms4smile.com/quotes/kevin-rudd/politics-is-about-power-it-is-about-the-power-of-the-state-it-is/) [Kevin Rudd](https://sms4smile.com/quotes/author/kevin-rudd/) > [Having an economy that works for the 99% is achievable.](https://sms4smile.com/quotes/winnie-byanyima/having-an-economy-that-works-for-the-99-is-achievable/) [Winnie Byanyima](https://sms4smile.com/quotes/author/winnie-byanyima/) > [“a select group of high-performing companies have managed to close the strategy-to-performance gap through better planning and execution. These companies—Barclays, Cisco Systems, Dow Chemical,…](https://sms4smile.com/quotes/michael-c-mankins/a-select-group-of-high-performing-companies-have-managed-to-close-the/) [Michael C. Mankins](https://sms4smile.com/quotes/author/michael-c-mankins/) > [The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those…](https://sms4smile.com/quotes/friedrich-august-von-hayek/the-system-of-private-property-is-the-most-important-guaranty-of/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [Economists think about what people ought to do. Psychologists watch what they actually do.](https://sms4smile.com/quotes/daniel-kahneman/economists-think-about-what-people-ought-to-do-psychologists-watch/) [Daniel Kahneman](https://sms4smile.com/quotes/author/daniel-kahneman/) > [The politician attempts to remedy the evil by increasing the very thing that caused the evil in the first place: legal plunder.](https://sms4smile.com/quotes/frederic-bastiat/the-politician-attempts-to-remedy-the-evil-by-increasing-the-very/) [Frederic Bastiat](https://sms4smile.com/quotes/author/frederic-bastiat/) > [“Economists have a singular method of procedure. There are only two kinds of institutions for them, artificial and natural. The institutions of feudalism are…](https://sms4smile.com/quotes/karl-marx/economists-have-a-singular-method-of-procedure-there-are-only-two/) [Karl Marx](https://sms4smile.com/quotes/author/karl-marx/) > [As the variable capital always stays in the hands of the capitalist in some form or other, it cannot be claimed in any way…](https://sms4smile.com/quotes/karl-marx/as-the-variable-capital-always-stays-in-the-hands-of-the-capitalist/) [Karl Marx](https://sms4smile.com/quotes/author/karl-marx/) [Browse all 7,788 Economics quotes ](https://sms4smile.com/quotes/about/economics/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "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.", "creator": { "@type": "Person", "name": "Robert Gilpin" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/robert-gilpin/the-parallel-existence-and-mutual-interaction-of-state-and-market-in/", "about": { "@type": "Thing", "name": "Economics" }, "@id": "https://sms4smile.com/quotes/robert-gilpin/the-parallel-existence-and-mutual-interaction-of-state-and-market-in/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/c92/robert-gilpin-21696_economics_the-parallel-existence-and-mutual-intera_94808.jpg", "contentUrl": "https://sms4smile.com/quotes/i/c92/robert-gilpin-21696_economics_the-parallel-existence-and-mutual-intera_94808.jpg", "url": "https://sms4smile.com/quotes/i/c92/robert-gilpin-21696_economics_the-parallel-existence-and-mutual-intera_94808.jpg", "width": 1080, "height": 1080, "caption": "“The parallel existence and mutual interaction of \"state\" and \"market\" in the modern world create \"political…” — Robert Gilpin", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Robert Gilpin", "item": "https://sms4smile.com/quotes/author/robert-gilpin/" }, { "@type": "ListItem", "position": 4, "name": "The parallel existence and mutual interaction...", "item": "https://sms4smile.com/quotes/robert-gilpin/the-parallel-existence-and-mutual-interaction-of-state-and-market-in/" } ], "@id": "https://sms4smile.com/quotes/robert-gilpin/the-parallel-existence-and-mutual-interaction-of-state-and-market-in/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```