The Great Transformation : The Political and Economic Origins of Our Time

The Great Transformation: The Political and Economic Origins of Our Time by Karl Polanyi is a seminal work that redefines our understanding of capitalism and its foundations.

First published in 1944, this groundbreaking critique examines the socio-economic dynamics that have shaped our contemporary world. Renowned economist Thomas Piketty describes it as "one of the most powerful books" in the field, while Prospect acknowledges Polanyi as "the twentieth century's most prophetic critic of capitalism." With insights that are just as relevant today, this book invites readers to rethink the historical evolution of market economies.

Polanyi meticulously explores:

• The historical roots of capitalism
• A critique of the myth of the free market
• A vision for an integrated economy that values social relations

This edition features a new introduction by Gareth Dale, further enhancing its contemporary relevance. Polanyi's reflections on the "avalanche of social dislocation" resonate powerfully amidst today's economic challenges, making this book an indispensable resource.

As Nobel laureate Joseph E. Stiglitz emphasizes, Polanyi provides a vital framework for understanding our current economic predicaments. His compelling arguments advocate for the preservation of our shared humanity against the commodification of relationships and the environment.

Engage with this essential text and unlock a deeper understanding of the intricate relationship between markets, society, and human welfare through The Great Transformation: The Political and Economic Origins of Our Time.