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This book explores America's decline as a global power, arguing that the implosion of Pax Americana was initiated by the process of globalization, preceding the collapse of the Soviet Union by nearly a decade. The era of Pax Americana, and with it American hegemony, is conclusively passed, and will not return in current global conditions.
A Prelude to the Foundation of Political Economy is a groundbreaking volume of theory and strategy on political economy and polity of the twenty-first century. Distilled in concrete terms, it elucidates the enigma of oil in view of the centrality of global social relations.
This text uses an innovative approach to the dynamics of labour's decline and proposes policy initiatives necessary for its revitalization. The book emphasises the need for restructuring of capitalism on a global scale and challenges traditional economic and industrial relations wisdom.
Beginning with an historical perspective, the text moves to examine dimensions of "Islamic Revolution" and ideology, oil, economic crisis and Islamic banking, and post-war political and infrastructural reconstruction in Iran.
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