knowledge such as institutional economics (e.g. on the social constitution of markets) and the creation of new knowledges such as world-systems analysis (e.g. on global commodity chain analysis and world cities) which all can find a place under this intellectual umbrella. There is a new common sense: heterodoxy and eclectism are necessary in new circumstances where no discipline can claim a monopoly of social knowledge. As both Peterson and Gills (this volume) affirm from very different starting points, transdisciplinary knowledge is required to study transnational processes.