States Versus Markets

States Versus Markets, Volume 1, by Herman Mark Schwartz, provides a rigorous examination of the fundamental tension between state power and market forces. This fifth edition explores how the production of goods and services connects regional economies to global markets, often sparking intense conflict among nations. As a key text in political science and economics, the book addresses whether states or markets hold more influence in the modern era. It analyzes globalization as a recurring process that periodically redistributes economic activity across the globe.

This volume covers critical developments in global political economy, including the impact of the Covid-19 pandemic on supply chain fragility and the recent revival of industrial policy. Schwartz examines de-globalization, the fallout from the 2008 financial crisis, and the shifting influence of Chinese and American economic strategies. Readers will find detailed analysis regarding migration, labor exploitation, and the role of emerging technologies like AI. This work serves as a comprehensive resource for studying politics and government.