The approach to history in the world-systems analysis of Wallerstein

1968 mass movements played a determining role in the emergence of this new-leftist school of thought of the most significant scientific importance. These movements rejected both the bourgeois society and the state socialism. Nevertheless, the background for the world-systems analysis was set by the emergence of a new era of the capitalist world economy and theoretical problems as well. The Marxian and world-system analysis approach are different to the falling rate of profit, because the first bases it on the expropriation of surplus labour and the latter on oligopolistic price setting.