Alex Sutton is Lecturer in International Relations at the University of St Andrews, Scotland. His research interests and published work focus on the British Empire in the 20th Century, and the intellectual history of the study of imperialism.

• 1. Introduction2. Conceptualising British Imperialism3. British Relative Economic Decline 4. The Dollar Drain and Colonial Import Policy (1945 – 1950) 5. The Dollar Deficit Continues (1950 – 1955) 6. Malayan Independence and the Sterling Area (1955 – 1960) 7. Concluding Remarks

'This study combines a broad approach to modern imperialism with detailed, archive-based analysis of the Malayan case. By doing so it offers important new insights into the complex relations between financial and political power in the dying days of the formal British Empire' Jim Tomlinson, University of Glasgow, UK "Accumulate, accumulate! That is Moses and the prophets!', relays Karl Marx in Capital. Alex Sutton reveals new theoretical and historical insights about capital accumulation, the state and class struggle in this fascinating book. It is set to reinvigorate a new wave of contentions within and beyond Marxist understandings of the political economy of imperialism that should be read far and wide.' Adam David Morton, University of Sydney, UK