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. less

Reviews and Recommendations

We've comprehensively compiled reviews of The Great Transformation from the world's leading experts.

Satya Nadella CEO/Microsoft"My father recommended this book long ago,” says Nadella of the 1944 classic by a Hungarian-American writer who chronicles the development of England’s market economy and argues that society should drive economic change. (Source)

Mark Blyth A story which stretches from 1815 to 1914. He says it was 100 years of peace, although that’s not actually true because if you were a colonial subject it was hardly peaceful. (Source)

Dani Rodrik It makes a rather important point, that the economy has always been embedded in society, and when we try to disembed it from society and treat it like an independent institution, then we’re really going to run into trouble. (Source)


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