After the end of World War II, various iterations of hegemony studies focused on such topics as the connection between hegemonic powers and the provision of international public goods, the causes of war during hegemonic transitions, and the stability of hegemonic orders. In this article, we discuss and forward the emergence of a new wave of international hegemony studies. This research program concerns itself with the politics of hegemonic orders and hegemonic ordering. It treats hegemonic orders as means, mediums, and objects of cooperation and contestation. It sees hegemons as not simply order makers but also order takers whose domestic political processes significantly interact with the dynamics of international order. It incorporates insights about how different dimensions of hegemonic orders interact to shape the costs and benefits of hegemony. In short, it treats hegemony and hegemonic orders as objects of analysis amenable to multiple theoretical perspectives and methodological approaches.