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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.
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.
This book picks up where Karl Polanyi's study of economic and political change left off. Building upon Polanyi's conception of the double movement, Blyth analyzes the two periods of deep seated institutional change that characterized the twentieth century: the 1930s and the 1970s. Blyth views both sets of changes as part of the same dynamic. In the 1930s labor reacted against the exigencies of the market and demanded state action to mitigate the market's effects by 'embedding liberalism.' In the 1970s, those who benefited least from such 'embedding' institutions, namely business, reacted against these constraints and sought to overturn that institutional order. Blyth demonstrates the critical role economic ideas played in making institutional change possible. Great Transformations rethinks the relationship between uncertainty, ideas, and interests, achieving profound new insights on how, and under what conditions, institutional change takes place.
The Great Transformation of Japanese Capitalism by Sébastien Lechevalier Pdf
In the 1980s the performance of Japan’s economy was an international success story, and led many economists to suggest that the 1990s would be a Japanese decade. Today, however, the dominant view is that Japan is inescapably on a downward slope. Rather than focusing on the evolution of the performance of Japanese capitalism, this book reflects on the changes that it has experienced over the past 30 years, and presents a comprehensive analysis of the great transformation of Japanese capitalism from the heights of the 1980s, through the lost decades of the 1990s, and well into the 21st century. This book posits an alternative analysis of the Japanese economic trajectory since the early 1980s, and argues that whereas policies inspired by neo-liberalism have been presented as a solution to the Japanese crisis, these policies have in fact been one of the causes of the problems that Japan has faced over the past 30 years. Crucially, this book seeks to understand the institutional and organisational changes that have characterised Japanese capitalism since the 1980s, and to highlight in comparative perspective, with reference to the ‘neo-liberal moment’, the nature of the transformation of Japanese capitalism. Indeed, the arguments presented in this book go well beyond Japan itself, and examine the diversity of capitalism, notably in continental Europe, which has experienced problems that in many ways are also comparable to those of Japan. The Great Transformation of Japanese Capitalism will appeal to students and scholars of both Japanese politics and economics, as well as those interested in comparative political economy.
From one of the world’s leading writers on religion and the highly acclaimed author of the bestselling A History of God, The Battle for God and The Spiral Staircase, comes a major new work: a chronicle of one of the most important intellectual revolutions in world history and its relevance to our own time. In one astonishing, short period – the ninth century BCE – the peoples of four distinct regions of the civilized world created the religious and philosophical traditions that have continued to nourish humanity into the present day: Confucianism and Daoism in China; Hinduism and Buddhism in India; monotheism in Israel; and philosophical rationalism in Greece. Historians call this the Axial Age because of its central importance to humanity’s spiritual development. Now, Karen Armstrong traces the rise and development of this transformative moment in history, examining the brilliant contributions to these traditions made by such figures as the Buddha, Socrates, Confucius and Ezekiel. Armstrong makes clear that despite some differences of emphasis, there was remarkable consensus among these religions and philosophies: each insisted on the primacy of compassion over hatred and violence. She illuminates what this “family” resemblance reveals about the religious impulse and quest of humankind. And she goes beyond spiritual archaeology, delving into the ways in which these Axial Age beliefs can present an instructive and thought-provoking challenge to the ways we think about and practice religion today. A revelation of humankind’s early shared imperatives, yearnings and inspired solutions – as salutary as it is fascinating. Excerpt from The Great Transformation: In our global world, we can no longer afford a parochial or exclusive vision. We must learn to live and behave as though people in remote parts of the globe were as important as ourselves. The sages of the Axial Age did not create their compassionate ethic in idyllic circumstances. Each tradition developed in societies like our own that were torn apart by violence and warfare as never before; indeed, the first catalyst of religious change was usually a visceral rejection of the aggression that the sages witnessed all around them. . . . All the great traditions that were created at this time are in agreement about the supreme importance of charity and benevolence, and this tells us something important about our humanity.
From the Great Transformation to the Great Financialization by Kari Polanyi-Levitt Pdf
Four years into the unfolding of the most serious crisis since the 1930s, Karl Polanyi's prediction of the fateful consequences of unleashing the destructive power of unregulated market capitalism on peoples, nations, and the natural environment has assumed new urgency and relevance. Polanyi's insistence that 'the self-regulating market' must be made subordinate to democracy, otherwise society itself may be put at risk, is as true today as it was when Polanyi wrote. Written from the unique perspective of his daughter, From the Great Transformation to the Great Financialization is an essential contribution to our understanding of the evolution and contemporary significance of Karl Polanyi's work, and should be read against the background of the accelerating accumulation of global finance that created a series of financial crises in Latin America, Russia, Asia, and, eventually, the heartlands of capitalism itself.
Karl Polanyi's 1944 book, The Great Transformation, offered a radical critique of how the market system has affected society and humanity since the industrial revolution. This volume brings together contributions from distinguished scholars in economic anthropology, sociology and political economy to consider Polanyi's theories in the light of circumstances today, when the relationship between market and society has again become a focus of intense political and scientific debate. It demonstrates the relevance of Polanyi's ideas to various theoretical traditions in the social sciences and provides perspectives on topics such as money, risk, work and the family. The case studies present materials from around the world, including Britain, China, India, Jamaica and Nigeria. Like Polanyi's original work, the critical engagement of these essays will be of interest to a wide readership.
While AI, robots, bio-technologies and digital media are transforming work, culture and social life, there is little understanding of or agreement about the scope and significance of this change. This new interpretation of the ‘great transformation’ uses history and evolutionary theory to highlight the momentous shift in human consciousness taking place. Only by learning from recent crises and rejecting technological determinism will governments and communities re-design social arrangements that ensure we all benefit from the new and emerging technologies. The book documents the transformations underway in financial markets, entertainment, medicine, affecting all aspects of work and social life. It draws on historical sociology and co-evolutionary theory arguing that the radical evolution of human consciousness and social life now underway is comparable to, if not greater than the agrarian revolution (10,000 BCE), the explosion of science, philosophy and religion in the Axial age (600 BCE), and the recent industrial revolution. Turning to recent major socio-economic crisis, and asking what can be learnt from them, the answer is we cannot afford this time around to repeat the failures of elites and theoretical systems like economics to attend appropriately to radical change. We need to think beyond the constraints of determinist and reductionist explanations and embrace the idea of deep freedom. This book will appeal to educators, social scientists, policy-makers, business leaders and students. It concludes with social design principles that can inform deliberative processes and new social arrangements that ensure everyone benefits from the affordances of the new and emerging technologies.
Facing the Era of Great Transformation by Wu Jinglian Pdf
This book collects essays from Chinese economic sage who was the mastermind of the reform and opening and persistent champion of market-driven development. In the essays, he outlines his vision of the systemic reform needed for today's China, from rule of law to completion of the market system and reform of state-owned enterprises. Dr. Wu's thoughts are always of interest, but at this pivotal moment of Chinese economic recalibration, his views will be of more value than ever, to scholars, economists, journalists, and those in civil society.
The approaching great transformation by Magnuson, Joel Pdf
Joel Magnuson's visionary insights into the decline of the Oil Age and life afterward combine sobering warnings with genuine hope. The facts are hard: global oil deposits will soon peak if they haven't already and the violent race to secure what's left has already begun. Meanwhile, our culture of consumption continues its heedless dependence on this and other scarce and fast-disappearing resources including other fossil fuels, water, topsoil, and basic metals. The consequences won't just be expensive gasoline. The very nature of life as we've come to know it will change and Magnuson explains how compounding factors like global warming, skyrocketing debt, and ill-prepared governments stand to turn this inevitable change into a needless catastrophe. But the hope is real: individuals and communities around the world have already begun taking action to shift away from consumer culture. Drawing on the visionary work of E.F. Schumacher, John Ruskin, and other pioneering thinkers, Magnuson argues that mindful and concerted action can shape the future. With an emphasis on current transitional projects like B Corporations and LETS projects, he shows that the true great transformation is already underway and it's up to us to continue it. With a foreword by Helena Norberg-Hodge, founder and director of the International Society for Ecology and Culture (ISEC)
The Power of Market Fundamentalism by Fred Block,Margaret R. Somers Pdf
What is it about free-market ideas that gives them staying power in the face of such failures as persistent unemployment, widening inequality, and financial crises? The Power of Market Fundamentalism extends economist Karl Polanyi's work to explain why these dangerous utopian ideas have become the dominant economic ideology of our time.
Karl Polanyi's belief that the greatest threat to freedom was a poorly administered economy led him to an economics that was more existential and human-centered. Part I of this book develops Polanyi's thinking for its significance today through a selection of papers on re-reading his major work entitled "The Great Transformation," Part II looks at the life and work of Ilona Duczynska (Polanyi's wife), political activist, writer and translator and important influence over Karl and his work. Kenneth McRobbie, a poet and historian who teaches at the University of British Columbia, is the editor of "Humanity, Society and Commitment," Kari Polanyi Levitt, emeritus professor at McGill University, is the editor of "The Life and Work of Karl Polanyi,"