The Great Transformation

The Great Transformation  is a seminal work by economist and historian Karl Polanyi, first published in 1944. The book explores the origins and consequences of the rise of the market economy in the 19th century and its profound impact on society. Polanyi argues that the shift from traditional economies to market-driven economies led to significant social upheaval and the erosion of social bonds. The book is a foundational text in economic history and sociology, and it critiques the notion of the self-regulating market.

Why Read This Book

• It provides an insightful critique of the development of modern capitalism and its social consequences.
• The book remains highly relevant today, offering a historical perspective on the challenges of global capitalism.
• Ideal for readers interested in economics, history, and social theory.

About the Author

Karl Polanyi (1886–1964) was a Hungarian economist and social theorist, best known for his critique of classical economic theory and his work on the development of market societies. The Great Transformation is his most influential work, offering a profound analysis of the economic systems that shaped the modern world.