Crises and Hegemonic Transitions reworks the concept of hegemony at the international level and analyses its relation to world market crises. Returning to the critical edition of Gramsci’s Quaderni and maintaining that the author’s work is permeated by Marx’s Capital and the law of value, Fusaro argues that imperialist states strive to constructing hegemonic relations in order to secure capital accumulation using domination and leadership, coercion and consensus, and that economic crises have only the potential to provoke crises of hegemony. Tracing the vicissitudes of US hegemony from the interwar period to the present and assessing the Great Depression’s and the Great Recession’s impact, Fusaro provides a novel way to interpret past and present developments within the world economy.