The Great Transformation

First published in 1944, Karl Polanyi's The Great Transformation examines the historical development and consequences of the modern market economy. Polanyi argues that the transition to market-driven systems in the 19th century profoundly reshaped societies, leading to significant social upheaval and the erosion of traditional community structures. This foundational text in economic history and sociology critiques the concept of a self-regulating market, offering an enduring analysis of capitalism's origins and its impact.Why You Should Read? Provides a critical historical analysis of modern capitalism and its societal effects. Offers insight into the origins of current global economic challenges. Essential reading for those interested in economic history, sociology, and social theory.