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

Front Cover
Beacon Press, Mar 28, 2001 - Business & Economics - 360 pages
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.


Conservative Twenties Revolutionary Thirties
Satanic Mill
Societies and Economic Systems
Evolution of the Market Pattern
Pauperism and Utopia
Popular Government and Market Economy
History in the Gear of Social Change
Freedom in a Complex Society
Selected References to Societies and Economic Systems
The Literature of Speenhamland

Labor Land
Speenhamland 1795
Antecedents and Consequences

Other editions - View all

Common terms and phrases

About the author (2001)

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.

Bibliographic information