||10 of 10 people found the following review helpful.| A review of Karl Polanyi’s The Great Transformation|By Jerry Woolpy|A review of Karl Polanyi’s The Great Transformation: the political and economic origins of our time, by Jerry Woolpy Polanyi writes about the industrialization of Europe leading to the collapse of civilization in the 19th century. The balance of powers failed to prevent a war between the gre||"As the Second World War was drawing to a close in 1944, two great works of political economy were published. One was Hayek's The Road to Serfdom, the driving force behind the free-market revolution in the final quarter of the twentieth centu
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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