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| Permalink View Article Stats Review of Karl Polanyi's The Great Transformation Quicklink submitted by Laudyms (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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| Polanyi wrote The Great Transformation during World War II. With depression and war, the previous two decades had been a cataclysmic time for the planet. His central thesis was, 'The origins of the cataclysm lay in the utopian endeavor of economic liberalism to set up a self-regulating market system.' The book decisively pooh-poohs many of the myths of our ruling economic doctrine. Most importantly, he eviscerates the idea of |
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