Ralph Orr's Reviews > The Great Transformation: The Political and Economic Origins of Our Time

The Great Transformation by Karl Polanyi
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's review
Dec 15, 2011

really liked it
bookshelves: economics, history-economic
Read in November, 2010

Required reading for those seeking to understand market economies, their differences from economies with markets, and their state-sponsored origin. Polanyi explains that societies inevitably push back against self-regulating markets, and thus the idea of a self-regulating market economy is utopian: a utopia that is always and forever unattainable. Vital reading to understand what is at stake in today's economic debates.
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