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.
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.
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...
This book picks up where Karl Polanyi's study of economic and political change left off.
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 ...
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 ...
... (b) the capitalist logic of accumulation that has determinant effects on these relations, both in terms of how they ... Burawoy 1979; Edwards 1986; Haydu 1988, 2001; Hyman 1987; Knights and Wilmott 1989; Littler 1990; Meiksins 1994; ...
The Great Transformation of 2021
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.
This volume brings together contributions from scholars in economic anthropology, sociology and political economy to consider Polanyi's theories in light of circumstances today.