Abstract
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.
This chapter was originally published in The New Palgrave: A Dictionary of Economics, 1st edition, 1987. Edited by John Eatwell, Murray Milgate and Peter Newman
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Wallerstein, I. (1987). Periphery. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_1395-1
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DOI: https://doi.org/10.1057/978-1-349-95121-5_1395-1
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