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.
About the Author
Karl Polanyi (1886-1964) is considered one of the twentieth century s most prophetic and perceptive economic historians. He left his native Austria with the rise of fascism and became a British citizen. During his academic career he taught at Bennington College, the University of Oxford, and the University of London, and wrote The Essence of Fascism, The Great Transformation, and (with A. Rotstein) Dahomey and the Slave Trade.
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