The Great Transformation
Karl PolanyiThe essential counterargument to the idea that markets are natural and self-justifying.
Why It's Lindy
The essential counterargument to the idea that markets are natural and self-justifying. Polanyi's core insight, that society eventually pushes back when everything is treated as a commodity, has survived every cycle of deregulation.
About This Volume
Polanyi's account of how market society was constructed rather than naturally given, and how attempts to subordinate society entirely to the market generated political backlash and social rupture.
Frequently Asked
Why should I read The Great Transformation?
The essential counterargument to the idea that markets are natural and self-justifying. Polanyi's core insight, that society eventually pushes back when everything is treated as a commodity, has survived every cycle of deregulation.
What is The Great Transformation about?
Polanyi's account of how market society was constructed rather than naturally given, and how attempts to subordinate society entirely to the market generated political backlash and social rupture.
