The Great Transformation

by Karl Polanyi

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1750-1918(1) 2007(1) a hundred years later an industrial system was in full swing over the major part of the planet which(1) Adam Smith's suggestions about the economic psychology of early man were as false as Rousseau's were on the political psychology of the savage. Division of labor(1) and spiritual pursuits(1) Au. Nat. Austrian(1) box 2(1) capitalism(9) class struggle(1) development(3) economic history(18) economic sociology(3) economics(45) Economy(2) equate the principle of the division of labor with barter and exchange(1) europe(4) finance(2) history(35) history of capitalism(3) industrial revolution(5) Intellectual history(2) its role was no more than incidental to economic life.We have good reason to insist on this point with all the emphasis at our command. No less a thinker than Adam Smith suggested that the division of labor in society was dependent upon the existence of m(1) liberalism(2) live for any length of time unless it possessed an economy of some sort; but previously to our time no economy has ever existed that(1) Non-Fiction(11) own(3) own-ny(2) peasants(1) philosophy(7) po(1) polanyi(2) political development(2) political economy(16) political philosophy(3) Political Science(2) Political theory(3) politics(16) revolution(1) social history(5) social theory(6) socialism(3) society(2) sociology(14) Sociology and Economics(1) theory(7) truck and exchange one thing for another." This phrase was later to yield the concept of the Economic Man. In retrospect it can be said that no misreading of the past ever proved more prophetic of the future. For while up to Adam Smith's time that propens(1) unread(2)

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CounterPunch's Top 100 (and a few more) Non-fiction Works of the 20th Century

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Amazon.com Product Description (ISBN 080705643X, Paperback)

One of the twentieth century's most thorough and discerning historians, Karl Polanyi sheds "new illumination on . . . the social implications of a particular economic system, the market economy that grew into full stature in the nineteenth century." -R. M. MacIver

(retrieved from Amazon Mon, 25 Aug 2008 17:20:35 -0400)

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