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

International system: Hundred years' peace; Conservative twenties, revolutionary thirties -- Rise and fall of market economy: "Habitation versus improvement"; Societies and economic systems; Evolution of the market pattern; Self-regulating market and the fictitious commodities, labor, land, and money; Speenhamland, 1795; Antecedents and consequences; Pauperism and utopia; Political economy and the discovery of society; Man, nature, and productive organization; Birth of the liberal creed; Birth of the liberal creed (continued), class interest and social change; Market and man; Market and nature; Market and productive organization; Self-regulation impaired; Disruptive strains -- Transformation in progress: Popular government and market economy; History in the gear of social change; Freedom in a complex society.;In this ... work of economic history and social theory, [the author] 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 potential dire social consequences of untempered market capitalism.-Back cover. Contents 5 Foreword 7 Introduction 18 Note on the 2001 Edition 39 Author’s Acknowledgments 40 The Hundred Years’ Peace 45 Conservative Twenties, Revolutionary Thirties 63 ‘‘Habitation versus Improvement’’ 77 Societies and Economic Systems 87 Evolution of the Market Pattern 101 The Self- Regulating Market and the Fictitious Commodities: Labor, Land, and Money 113 Speenhamland, 1795 123 Antecedents and Consequences 132 Pauperism and Utopia 150 Political Economy and the Discovery of Society 158 Man, Nature, and Productive Organization 178 Birth of the Liberal Creed 183 Birth of the Liberal Creed (Continued): Class Interest and Social Change 200 Market and Man 213 Market and Nature 229 Market and Productive Organization 243 Self- Regulation Impaired 252 Disruptive Strains 260 Popular Government and Market Economy 273 History in the Gear of Social Change 287 Freedomin a Complex Society 299 Notes on Sources 311 Index 347 "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.

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.