The Great Transformation

About “The Great Transformation”

The Great Transformation is a book by Karl Polanyi, a Hungarian political economist, first published in 1944 by Farrar & Rinehart. The book examines the social and political changes in England during the development of the market economy. Polanyi argues that the modern market economy and the modern nation-state should not be seen as separate entities but as part of a single human creation he refers to as the "Market Society." The work explores how these systems shaped society and influenced historical events. (Summary adapted from Wikipedia, CC BY-SA 4.0.)