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A landmark introduction to the study of international political economy by a leading academic.

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´[States and Markets] should be read by every student of international political economy.´ - International Relations Theory.
Susan Strange was one of the most influential international relations scholars of the latter half of the twentieth century. She is regarded by many as the creator of the discipline of international political economy (IPE) and leaves behind an impressive body of work. States and Markets is one of Strange´s seminal texts. Strange Introduces the reader to a unique critical model for understanding the relationship between politics and economics centred on her four-faceted model of power consisting of: security, production, finance and knowledge. Using these terms Strange provides a rigorous analysis of the effects of political authority, including states, on markets and conversely of market forces on states. The Revelations edition includes a new foreword by Ronen Palan.

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List of Tables and Figures
Acknowledgements
Prologue: Some Desert Island Tales
Part I: The Study of International Political Economy
1. The Conflict of Values and Theories
2. Power in the World Economy
Part II: Structures of Power in the World Economy
3. The Security Structure
4. The Production Structure
5. The Financial Structure
6. The Knowledge Structure
Part III: Secondary Power Structures
7. Transport Systems: Sea and Air
8. Trade
9. Energy
10. Welfare
Part IV: Pick-Your-Own, or Suit Yourself
11. Questions and Answers
Notes
Bibliography
Index

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Susan Strange has long been one the most innovative scholars working in the broad field of international relations. In this book she once again shows that her reputation for careful analysis and fresh insights is well deserved... a refreshing look at a much studied subject and should be read by every student of international political economy. International Relations Theory

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Susan Strange (1923-1998) was a leading academic in the field of international relations and international political economy. She is the author of Casino Capitalism (1986) and Mad Money: When Markets Outgrow Governments (1998).

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