Do We Need a New 'Great Transformation'? Is One Likely?

  title={Do We Need a New 'Great Transformation'? Is One Likely?},
  author={Frances P. Stewart},
In his path-breaking book The Great Transformation: The Political and Economic Origins of our Times,1 Polanyi analyzed what he called the Great Transformation in Europe in the nineteenth and twentieth centuries. Indeed, he actually describes a ‘double movement’: one from the pre-market, pre-industrial system to the market-dominated industrialization of the nineteenth century. The second — which was what he termed the Great Transformation — consisted in the succession of changes that were… CONTINUE READING

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