Great Transformation

The Great Transformation, which was first published in 1944 in America, the stronghold of "wild capitalism", begins with the following sentence: "The nineteenth-century civilization collapsed." The lifeblood and fundamental shaper of the nineteenth-century civilization that Karl Polanyi declared collapsed was the market operating according to its own rules; The market system that turns labor, land and money into commodities and makes human societies unconditionally dependent on itself in an unprecedented institutional uniformity at the international level... According to Polanyi, collapse was inevitable, because the market system operating according to its own rules was impossible to reconcile with human society. The Great Transformation is the story of this incompatibility and inevitable collapse. In other words, the story of both economic liberalism and fascism and socialism, which emerged as inevitable alternatives to it... The Great Transformation took place in the 80s, when the market society, which Polanyi called "contrary to human nature", was imposed on the whole world as the last stage of human history. It is also noteworthy that it came to the fore at a time when those who tried to criticize economic liberalism were seen as bigoted ignorant people and interest groups trying to seize the profits provided by protectionism measures and populist politicians who served them, and at a time when socialism was almost completely despaired of.
-Ayse Bugra-



Number of Pages: 411

Year of Printing: 2003


Language: Turkish
Publisher: Iletisim Publishing

Number of Pages: 411

First Print Year: 2007

Language Turkish