In The Global Economic System Since 1945, Larry Allen presenta synthesis of history and economic analysis that provides a much richer explanation. . . . Readers will come away with a greater understanding of how the interplay among economic forces, politics, and institutions determine outcomes in the world economy. . . . Overall, the book succeeds in making a compelling case that the rise of capitalism has come about in response to a shift from the fear of deflation and unemployment to a fear of inflation, and the failure of planning to accommodate the shift."
— Robert Derrell, Eastern Economic Journal