The Great Transformation: The Political and Economic Origins of Our Time

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Beacon Press, 1944 - Business & Economics - 317 pages
15 Reviews
In this classic work of economic history and social theory, Karl Polanyi analyzes the economic and social changes brought about by the "great transformation" of the Industrial Revolution. His analysis explains not only the deficiencies of the self-regulating market, but the potentially dire social consequences of untempered market capitalism. New introductory material reveals the renewed importance of Polanyi's seminal analysis in an era of globalization and free trade.
  

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Review: The Great Transformation: The Political and Economic Origins of Our Time

User Review  - Tim - Goodreads

This is probably one of the least-read of the most important books of the 20th century. Part of Polanyi's problem is that his book does not easily fit into one field - neither sociology nor history ... Read full review

Review: The Great Transformation: The Political and Economic Origins of Our Time

User Review  - Andrew - Goodreads

Karl Polanyi's claims that the spirit of liberal capitalism will be extinguished by a more modern and humane socialism sound like so much wishful thinking now. But he's quite right about the market ... Read full review

Contents

FOREWORD BY JOSEPH E STIGLITZ
Conservative Twenties Revolutionary Thirties
Rise and Fall of Market Economy
Societies and Economic Systems
Evolution of the Market Pattern
Labor
Speenhamland 1795
Antecedents and Consequences
Pauperism and Utopia
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About the author (1944)

Karl Polanyi (1886-1964) is considered one of the twentieth century's most discerning economic historians. He left his position as senior editor of Vienna's leading financial and economic weekly in 1933, became a British citizen, taught adult extension programs for Oxford and London Universities, and held visiting chairs at Bennington College and Columbia University. He is co-author of Christianity and the Social Revolution; author of The Great Transformation; Trade and Market in Early Empires (with C.Arnsberg and H.Pearson) and posthumously, Dahomey and the Slave Trade (with A.Rotstein).

Joseph E. Stiglitz was formerly chair of President Clinton's Council of Economic Advisors, and chief economist of the World Bank. He is professor of economics at Stanford University, and senior fellow at the Brookings Institution.

Fred Block is professor of sociology at the University of California, Davis.

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