Human Systems · intermediate
The Great Transformation
by Karl Polanyi
About This Book
"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.
Editorial Note
Markets are not natural phenomena but political constructions requiring enormous state power. After this, 'free market' becomes an oxymoron.
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