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

Polanyi-Levitt, Kari

ISBN 10: 1780326491 / ISBN 13: 9781780326498

Published by Zed Books, 2013

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Bibliographic Details

• Title: From the Great Transformation to the Great Financialization: On Karl Polanyi and Other Essays
• Publisher: Zed Books
• Publication Date: 2013
• Language: English
• ISBN 10: 1780326491
• ISBN 13: 9781780326498
• Binding: Hardcover
• Condition: New

About this title

Synopsis

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 has 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.

About the Author

Kari Polanyi Levitt is Emeritus Professor of Economics from McGill University in Montreal, Canada.

Andrew Martin Fischer is Senior Lecturer of Population and Social Policy at the International Institute of Social Studies of Erasmus University Rotterdam, based in The Hague, Netherlands.