Quotes from book
The Great Transformation

The Great Transformation

The Great Transformation is a book by Karl Polanyi, a Hungarian-American political economist. First published in 1944 by Farrar & Rinehart, it deals with the social and political upheavals that took place in England during the rise of the market economy. Polanyi contends that the modern market economy and the modern nation-state should be understood not as discrete elements but as the single human invention he calls the "Market Society".


Karl Polanyi photo
Karl Polanyi photo
Karl Polanyi photo
Karl Polanyi photo
Karl Polanyi photo

„The economic system is, in effect, a mere function of social organization.“

—  Karl Polanyi, book The Great Transformation

The Great Transformation (1944), Ch. 4 : Societies and Economic Systems

Karl Polanyi photo

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