The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd


  • Immanuel Wallerstein
Reference work entry


The term ‘periphery’ makes sense only as part of the paired antinomy ‘core(centre)–periphery’. It refers to an economic relationship that has spatial implications. This pair of terms has long been used in the social sciences, but until recently it has been used metaphorically rather than spatially, and to refer to social and political rather than to economic phenomena. Palgrave’s original Dictionary of Political Economy (1894–9) did not know the concept.

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Immanuel Wallerstein
    • 1
  1. 1.