The Great Transformation Book Summary

In 'The Great Transformation,' Karl Polanyi explores the radical shifts in economic and social structures that shaped modern society during the Industrial Revolution. He argues that the rise of the market economy led to profound disruptions in community life and environmental balance. Polanyi challenges the notion of self-regulating markets, revealing the hidden social costs of laissez-faire capitalism. Through historical examples, he illustrates the tension between economy and society, emphasizing the need for protective measures. This thought-provoking work invites readers to reconsider the relationship between markets and social welfare in contemporary life.

By Karl Polanyi

Published: 2001

"The elements of a social and economic order must be seen not as a finality but as a dynamic process, an ongoing evolution of society, where human values dictate the terms of our interactions with the market."

The Great TransformationBook binding

Start Listening to Book Summary

0:000:00

Book Review of The Great Transformation

In this classic work of economic history and social theory, Karl Polanyi analyzes the economic and social changes brought about by the "great transformation" of the Industrial Revolution. His analysis explains not only the deficiencies of the self-regulating market, but the potentially dire social consequences of untempered market capitalism. New introductory material reveals the renewed importance of Polanyi's seminal analysis in an era of globalization and free trade.

Book Overview of The Great Transformation

About the Book Author

K

Karl Polanyi

Karl Polanyi (1886-1964) was a Hungarian economic historian and social philosopher, best known for his influential work, 'The Great Transformation' (1944), which explores the development of market economies and the social consequences of economic systems. Polanyi's writing style is characterized by a blend of historical analysis and critical theory, emphasizing the interplay between economy and society. His other notable works include 'Trade and Market in the Early Empires' and 'The Livelihood of Man,' where he examines the role of economic institutions in shaping human societies. Polanyi's contributions have had a lasting impact on economic sociology, political economy, and the critique of neoliberalism.

Book Details

Key information about the book.

Authors
Karl Polanyi
Published
March 2001
Publisher
Beacon Press
ISBN
080705643X
Language
English
Pages
406
Genres
Social Justice MovementsBusiness and EconomicsEconomic PolicyPolitical HistoryPolitics and Current Affairs

Purchase Options

Amazon logoBuy on Amazon
BookShop logoBuy via BookShop

Support local bookstores: BookShop gives a portion of each sale to independent bookshops!

Similar books you might like →

7 PowersBook binding

7 Powers Book Summary

In '7 Powers,' Hamilton Helmer unveils a groundbreaking framework for business strategy, identifying seven key powers that successful companies leverage for industry domination. Each power, from scale to brand, is meticulously dissected with real-world examples that illustrate their formidable impact. Helmer pairs strategic theory with actionable insights, equipping leaders with tools to navigate competitive landscapes. With a fresh perspective on timeless principles, the book challenges conventional thinking and ignites a quest for deeper understanding. Dive into this compelling exploration and discover what it truly takes to outmaneuver rivals and thrive in today's market.

7 Powers
Hamilton Helmer
The Great ConvergenceBook binding

The Great Convergence Book Summary

In 'The Great Convergence,' Richard Baldwin takes readers on a compelling journey through the forces shaping our global economy, emphasizing the revolutionary impact of digital technology. He argues that the convergence of production and consumption is redefining international borders and reshaping global trade. As we become more interconnected than ever, Baldwin raises critical questions about the future of jobs and economic disparity. Will the merging of markets lead to prosperity, or will it deepen existing divides? A thought-provoking exploration that challenges conventional wisdom and invites readers to rethink the implications of our rapidly changing world.

The Great Convergence
Richard Baldwin
Democracy at WorkBook binding

Democracy at Work Book Summary

In 'Democracy at Work', Richard D. Wolff challenges the conventional notions of democracy and the workplace, advocating for a radical transformation where workers have a say in their enterprises. Through compelling arguments and real-world examples, he explores the failures of capitalism and presents a vision for a more just and equitable economic system. Wolff introduces the idea of worker cooperatives as a feasible alternative, illustrating how they can empower employees and foster true democratic practices. This thought-provoking book urges readers to reconsider their understanding of democracy beyond the confines of politics and into the very fabric of their daily work lives. Are we ready to rethink who really holds the power in the workplace?

Democracy at Work
Richard D. Wolff
The Uses of HaitiBook binding

The Uses of Haiti Book Summary

No summary available

The Uses of Haiti
Paul Farmer
No Gods, No MastersBook binding

No Gods, No Masters Book Summary

In 'No Gods, No Masters', Daniel Guérin presents a compelling exploration of anarchism, tracing its philosophical roots and revolutionary practices. He argues against imposed authority, advocating for a society based on mutual aid and voluntary cooperation. The book chronicles historical movements and figures that shaped anarchist thought, igniting curiosity about the untold stories of resistance. With a mesmerising narrative, Guérin challenges readers to rethink concepts of power and freedom. This thought-provoking work not only inspires but also raises questions about the future of social justice.

No Gods, No Masters
Daniel Gu�rin
The Evolution of TypeBook binding

The Evolution of Type Book Summary

'The Evolution of Type' by Tony Seddon takes readers on a captivating journey through the history and development of typography. Delve into the transformation of typefaces from ancient inscriptions to modern digital fonts, revealing the intricate relationship between technology and design. Seddon artfully illustrates how cultural shifts and artistic movements have influenced type development, creating a visual narrative that enchants both designers and history enthusiasts alike. With rich illustrations and engaging anecdotes, this book invites you to appreciate letters not just as tools for communication, but as dynamic art forms. Discover how type influences our daily lives in ways you’ve never considered, and why every letter tells a story.

The Evolution of Type
Tony Seddon
The Meritocracy TrapBook binding

The Meritocracy Trap Book Summary

In 'The Meritocracy Trap', Daniel Markovits challenges the widely-held belief that meritocracy is fair and just. He delves into how the system actually perpetuates inequality, favoring the privileged while stifling the potential of the underprivileged. Through compelling arguments and real-world examples, Markovits uncovers the dark side of meritocracy that leads to social stratification and disillusionment. This provocative exploration raises questions about ambition, success, and the true cost of the meritocratic ideal. Are we truly rewarded for our talents, or are we simply playing into a flawed system?

The Meritocracy Trap
Daniel Markovits
TogetherBook binding

Together Book Summary

In 'Together,' former U.S. Surgeon General Vivek Murthy explores the profound effects of loneliness on health and society. He shares powerful personal stories and compelling research, revealing how our connections—or lack thereof—shape our lives. Murthy argues that loneliness is an epidemic that requires urgent action, advocating for community and empathy as antidotes. With insights on fostering meaningful relationships, he guides readers towards a more connected existence. Journey through this eye-opening narrative and discover the transformative power of togetherness in a fractured world.

Together
Vivek Murthy

Showing 8 of 27 similar books

Take your reading experience to the next level

Download our mobile app to enjoy your favorite books on the go. Get access to exclusive features, offline listening, and personalized recommendations.

Download on the App Store

Similar Book Recommendations →

Marc Andreessen's Book Recommendations

Marc Andreessen's Book Recommendations

Marc Andreessen is an American entrepreneur, software engineer, and venture capitalist, best known for co-creating the Mosaic web browser, the first widely-used web browser, and co-founding Netscape. Andreessen is also the co-founder of Andreessen Horowitz, one of Silicon Valley’s most prominent venture capital firms, where he invests in groundbreaking technology companies like Facebook, Airbnb, and Coinbase. He is a thought leader on the impact of technology and innovation, often sharing his views on the future of the internet and startups. His contributions to the development of the web and the tech ecosystem have made him one of the most influential figures in technology.

Technology and FutureBusiness and Leadership
Ray Dalio's Book Recommendations

Ray Dalio's Book Recommendations

Ray Dalio is the founder of Bridgewater Associates, one of the largest and most successful hedge funds in the world. He is also the author of the bestselling book Principles, where he outlines his philosophy on life, leadership, and investing. Ray is renowned for his unique approach to transparency, radical truth, and thoughtful disagreement within organizations. His insights into economics and investing have made him one of the most influential figures in the financial world. Dalio continues to be a thought leader in business, economics, and philanthropy.

Business and LeadershipSuccess Stories and Life LessonsInspiring Reads
Alex Honnold's Book Recommendations

Alex Honnold's Book Recommendations

Alex Honnold is an American professional rock climber, best known for his free solo ascent of El Capitan in Yosemite National Park, a feat that was documented in the Oscar-winning film Free Solo. Honnold is renowned for his mental toughness, technical skill, and ability to climb without ropes or safety equipment. His accomplishments have made him a legend in the climbing world, and he continues to push the boundaries of the sport. Outside of climbing, Honnold is a philanthropist, founding the Honnold Foundation, which supports environmental sustainability projects, particularly in solar energy.

Inspiring ReadsSuccess Stories and Life LessonsSportsActivist
Barack Obama's Book Recommendations

Barack Obama's Book Recommendations

Barack Obama is the 44th President of the United States, serving from 2009 to 2017. As the first African American president, Obama’s leadership marked a historic moment in American history. His administration focused on healthcare reform, economic recovery from the Great Recession, and environmental policies. He is best known for the Affordable Care Act, as well as his efforts to expand civil rights and restore diplomatic relations with Cuba. Since leaving office, Obama has continued to engage in public life through his foundation, focusing on leadership development, civic engagement, and global issues.

PoliticsMemoirs and BiographiesSuccess Stories and Life Lessons
Aaron Levie's Book Recommendations

Aaron Levie's Book Recommendations

Aaron Levie is the co-founder and CEO of Box, a cloud content management platform that revolutionized how businesses manage and collaborate on content. He launched Box in 2005 while still a college student, and the company rapidly grew into a leader in the cloud storage industry. Levie is known for his innovative, forward-thinking approach to enterprise software and for pushing the boundaries of digital transformation. Under his leadership, Box went public in 2015 and continues to evolve with new technologies and partnerships. He is a strong advocate for cloud-first business strategies and frequently shares his insights on the future of work and the digital workplace. Levie is also a prolific speaker and writer, often discussing technology's role in the modern economy. His energetic and witty personality has made him a popular figure in Silicon Valley and beyond.

Business and LeadershipTechnology and Future
Reid Hoffman's Book Recommendations

Reid Hoffman's Book Recommendations

Reid Hoffman is an influential American entrepreneur, venture capitalist, and author, best known as the co-founder of LinkedIn, the professional networking platform that transformed online professional interactions. Hoffman has significantly impacted the business world through his investments in notable tech companies like Airbnb, Facebook, and Zynga. As an author, he has co-written several acclaimed books, including "The Start-Up of You" and "Blitzscaling," which provide strategic insights into career development and business growth. His works are celebrated for their practical advice and have become essential reading for aspiring entrepreneurs and business leaders. Hoffman's contributions extend beyond his literary efforts, as he remains a prominent figure in Silicon Valley, shaping the future of technology and innovation.

Business and LeadershipFounders PlaybookSuccess Stories and Life LessonsTechnology and Future
Nat Eliason's Book Recommendations

Nat Eliason's Book Recommendations

Nat Eliason is an influential writer, entrepreneur, and educator known for his insightful work on personal growth, productivity, and digital marketing. He founded Growth Machine, a successful SEO and content marketing agency that has helped numerous companies expand their online presence. Eliason's thought-provoking articles on his blog cover a wide range of topics, from philosophy to health, attracting a large and engaged audience. Additionally, he authored "Effortless Output with Roam," a comprehensive guide on using the Roam Research tool for knowledge management. Through his diverse contributions, Eliason has established himself as a significant voice in the realms of self-improvement and digital strategy.

Self-ImprovementProductivityBusiness and Leadership
Bill Gates's Book Recommendations

Bill Gates's Book Recommendations

Bill Gates, co-founder of Microsoft Corporation, is a pioneering figure in the tech industry, having played a key role in the personal computer revolution. His work at Microsoft, particularly the development of Windows, transformed software and computing globally. Beyond his technology contributions, Gates is also a prolific author, with notable works such as "The Road Ahead" and "Business @ the Speed of Thought," which offer insights into the future of technology and business. Additionally, his philanthropic efforts through the Bill & Melinda Gates Foundation have had a profound impact on global health, education, and poverty. Gates continues to influence both technology and literature with his forward-thinking perspectives and innovative ideas.

Business and LeadershipTechnology and FutureInspiring ReadsMemoirs and Biographies

Showing 8 of 15 related collections

The elements of a social and economic order must be seen not as a finality but as a dynamic process, an ongoing evolution of society, where human values dictate the terms of our interactions with the market.

The Great Transformation

By Karl Polanyi

Frequently Asked Questions