The Great Transformation
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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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.
ForewordIntroductionNote on the 2001 EditionAuthor's AcknowledgmentsPt. 1The International System1The Hundred Years' Peace32Conservative Twenties, Revolutionary Thirties21Pt. 2Rise and Fall of Market Economy3"Habitation versus Improvement"354Societies and Economic Systems455Evolution of the Market Pattern596The Self-Regulating Market and the Fictitious Commodities: Labor, Land, and Money717Speenhamland, 1795818Antecedents and Consequences909Pauperism and Utopia10810Political Economy and the Discovery of Society11611Man, Nature, and Productive Organization13612Birth of the Liberal Creed14113Birth of the Liberal Creed (Continued): Class Interest and Social Change15814Market and Man17115Market and Nature18716Market and Productive Organization20117Self-Regulation Impaired21018Disruptive Strains218Pt. 3Transformation in Progress19Popular Government and Market Economy23120History in the Gear of Social Change24521Freedom in a Complex Society257Balance of Power as Policy, Historical Law, Principle, and System269Hundred Years' Peace273The Snapping of the Golden Thread274Swings of the Pendulum after World War I275Finance and Peace275Selected References to "Societies and Economic Systems"276Selected References to "Evolution of the Market Pattern"280The Literature of Speenhamland285Poor Law and the Organization of Labor288Speenhamland and Vienna298Why Not Whitbread's Bill?299Disraeli's "Two Nations" and the Problem of Colored Races300Index305
