Final answer:
Immanuel Wallerstein's work on the modern world system provides insight into economic and political power dynamics.
Step-by-step explanation:
Marcus and Fischer are not specifically mentioned in the provided references. However, Immanuel Wallerstein is an important scholar who has written extensively on the modern world system. In his book 'The Modern World-System: Capitalist Agriculture and the Origins of the European World Economy in the Sixteenth Century,' Wallerstein argues that the modern world system is characterized by a global division of labor, with core countries dominating the periphery.
According to Wallerstein, this system emerged in the sixteenth century with the rise of capitalism and European colonialism. It is characterized by a hierarchical structure, where core countries control the most advanced technology and enjoy economic and political dominance, while periphery countries are dependent on the core for economic resources and have limited decision-making power.
Wallerstein's work has been influential in shaping the field of world-systems theory and provides insight into how the modern world operates in terms of economic and political power dynamics.