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Political Economy in the Modern State is Harold Innis’s transitional and, in some respects, his most transformative book. Its main themes include the problem of power and peace, the ascent of specialization and mechanized forms of knowledge, and the crisis facing democracy and civilization.

Containing introductions and contributions by other prominent scholars, this volume situates Babe's work within contemporary scholarship and underscores the extent to which he is one of Canada's most prescient thinkers.