Summary of Karl Polanyi's The Great Transformation

Please note: This is a companion version & not the original book. Book Preview: #1 The key to the institutional system of the nineteenth century was the laws governing market economy. The idea of a self-adjusting market implied a stark utopia, and it was impossible for such an institution to exist for any length of time without destroying the human and natural substance of society. #2 The book explores the cause of the cataclysm, which was the collapse of the international system. The balanc