1 of 8 people found the following review helpful
The importance of historism.,
This review is from: The Great Transformation 2nd (second) edition (Paperback)The book of Polanyi is truly interesting, because it sustains the importance of the market economy, particularly in the sense that the free market is self-ruling.
In fact they are the same rules those allow the economics to be strong, so determine the development of the financial transactions. The book starts the history of the economy from the 18° century, when the market was near a physical place, and it arrives to talk about the global transactions whom happen in Internet.
Sort: Oldest first | Newest first
Showing 1-2 of 2 posts in this discussion
Initial post: Jul 19, 2012 9:28:52 AM PDT
William R. Neil says:
The book actually is highly critical of the reality, if there is such, of "a pure free market," and makes it very, very clear, that it took enormous social planning, social engineering to set up what Polanyi calls the archetype, the labor market in England during the first decades of the Industrial Revolution; and that market was a horror story for the workers.
His major point is that the "free market" is such a blindingly intense force that if not humanized, it would destroy both nature and society. Thus both left and right constantly "intervene" in markets to shape them in less terrifying directions. This is the book to read alongside and in answer too that "other" book which appeared in 1944, the one Von Hayek wrote.
In reply to an earlier post on Jul 30, 2012 1:42:04 AM PDT
Edoardo Angeloni says:
I think that the economic recovery is possible if we return to the spirit which has got us to the welfare of the past years.
The youngs justly want all and early. But the work need hidden forces of the human spirit.
The natural and social issue surely are important and they need many attentions. But the economy for starting want the individual force.
‹ Previous 1 Next ›