From the Great Transformation to the Great Financialization: On Karl Polanyi and Other Essays

From the Great Transformation to the Great Financialization: On Karl Polanyi and Other Essays
ISBN-10
1780326483
ISBN-13
9781780326481
Category
Business & Economics
Pages
316
Language
English
Published
2013-08-06
Publisher
Zed Books
Author
Kari Polanyi-Levitt

Description

Four years into the unfolding of the most serious crisis since the 1930s, Karl Polanyi's prediction of the fateful consequences of unleashing the destructive power of unregulated market capitalism on peoples, nations, and the natural environment have assumed new urgency and relevance. Polanyi's insistence that 'the self-regulating market' must be made subordinate to democracy otherwise society itself may be put at risk is as true today as it was when Polanyi wrote. 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 should be read against the background of the accelerating accumulation of global finance that created a series of financial crises in Latin America, Russia, Asia, and, eventually, the heartlands of capitalism itself.

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