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

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. Cover ......Page 1 Contents......Page 2 Foreword [Joseph E. Stiglitz]......Page 3 Introduction [Fred Block]......Page 9 Note on the 2001 Edition......Page 19 Author's Acknowledgments......Page 20 PART ONE: The International System ......Page 21 1 The Hundred Years' Peace......Page 22 2 Conservative Twenties, Revolutionary Thirties......Page 31 PART TWO: Rise and Fall of Market Economy......Page 37 3 "Habitation versus Improvement"......Page 38 4 Societies and Economic Systems......Page 43 5 Evolution of the Market Pattern......Page 50 6 The Self-Regulating Market andthe Fictitious Commodities: Labor, Land, and Money......Page 56 7 Speenhamland, 1795......Page 61 8 Antecedents and Consequences......Page 66 9 Pauperism and Utopia......Page 75 10 Political Economy and the Discovery of Society......Page 79 11 Man, Nature, and Productive Organization......Page 89 12 Birth of the Liberal Creed......Page 91 13 Birth oft he Liberal Creed (Continued): Class Interest and Social Change......Page 100 14 Market and Man......Page 106 15 Market and Nature......Page 114 16 Market and Productive Organization......Page 121 17 Self-Regulation Impaired......Page 126 18 Disruptive Strains......Page 130 PART THREE: Transformation in Progress......Page 135 19 Popular Government and Market Economy......Page 136 20 History in the Gear of Social Change......Page 143 21 Freedom in a Complex Society......Page 149 Notes on Sources......Page 155 Index......Page 173 "In this classic work of economic history and social theory, Karl Polonyi 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."--BOOK JACKET.