THE GREAT TRANSFORMATION

by Paula Monteiro, POLANYI, Julia; Fernando Varela; Álvarez-Uria et al.

1944 324 pages eng

Polanyi's Great Transformation assesses the causes of capitalist instability in the mid twentieth century. The stability of the nineteenth century, he says, comes from four institutions: the gold standard, the liberal state, the balance of power, and the self-regulating market. Capitalism itself …