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

The Great Transformation by Karl Polanyi
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Oct 14, 08

bookshelves: to-read, school-nerd, business-y

Quote from Thomas Frank:
"Because of what's going on in the economy, this election is basically a referendum on what kind of nation we're going to be and what kind of democracy we're going to be. I'd like to recommend the literature of what's wrong with capitalism — how if you let it just run unregulated, it will self-destruct like it's doing right now, and it will drive millions of people into bankruptcy and kick up unemployment. People haven't written about that in a long time because we've been living in a state where we thought those problems had been solved, and now it turns out they haven't been. The classic book on that subject is called The Great Transformation by Karl Polanyi. It's not the easiest thing to read, but it's the classic indictment of pure, laissez-faire, 19th-century style economics. I get a big kick out of it."
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