Contributor(s): Professor Robert Falkner | The market is one of the primary institutions of the society of states, but it is an exceptionally contradictory and frequently unstable one. Having emerged in the mid-19th century and gone through alternating periods of consolidation and contestation since the early 20th century, the market currently faces renewed challenge and opposition as economic nationalism is on the rise again. Drawing on his new book "The Market in Global International Society" (co-authored with Professor Barry Buzan), Professor Robert Falkner considers the nature of the market as an international institution and explores the reasons behind its instability in an age of geopolitical strife and great power conflict.
"The Market in Global International Society: An English School Approach to International Political Economy," by Barry Buzan and Robert Falkner (Oxford Academic, January 2025): https://academic.oup.com/book/59007
Robert Falkner is Professor of International Relations at LSE: https://www.lse.ac.uk/international-relations/people/falkner
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