The Great TransformationBeacon Press, 1944 - 315 pages 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 explains not only the deficiencies of the self-regulating market, but the potentially dire social consequences of untempered market capitalism. New introductory material reveals the renewed importance of Polanyi's seminal analysis in an era of globalization and free trade. |
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Page 193
... money , such as the market mechanism tends to produce without out- side interference , is incompatible with ... Token money was devel- oped at an early date to shelter trade from the enforced deflations that accompanied the use of specie ...
... money , such as the market mechanism tends to produce without out- side interference , is incompatible with ... Token money was devel- oped at an early date to shelter trade from the enforced deflations that accompanied the use of specie ...
Page 194
... token money altogether and restrict currency to commodity money was en- tirely out of the question , since such a remedy would have been worse than the disease . Central banking mitigated this defect of credit money greatly . By ...
... token money altogether and restrict currency to commodity money was en- tirely out of the question , since such a remedy would have been worse than the disease . Central banking mitigated this defect of credit money greatly . By ...
Page 252
... money interferes with the costing - function of prices in respect to the various products . The nature of property ... token money had by no means been severed . Since the in- troduction of " functional finance " in all important states ...
... money interferes with the costing - function of prices in respect to the various products . The nature of property ... token money had by no means been severed . Since the in- troduction of " functional finance " in all important states ...
Table des matières
The Hundred Years Peace | 3 |
Satanic Mill | 33 |
Chapter 3 | 47 |
Droits d'auteur | |
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Expressions et termes fréquents
actually Adam Smith agrarian agricultural allowance system balance of power balance-of-power system banking barter Bentham capitalism capitalist Chartist civilization commodity commodity money Concert of Europe countries countryside cultural currency dislocation economic liberalism economic system effect employment England exchange existence export fact factor fascism feudal forces free trade freedom function Germany gold standard haute finance human income Industrial Revolution institutions interests intervention involved labor market laissez-faire land legislation market economy market system mechanism ment merely methods modern monetary motive movement nature nineteenth century nomic organization Owen parish pauperism peace political Poor Law population principle problem production protection protectionism rates reciprocity Reform regulation relief restricted result Ricardo Robert Owen rural self-regulating market social society Speenhamland status Statute of Artificers Thurnwald tion token money towns trade unions traditional transformation urban village wages Western workers