By Karl Polanyi
In his vintage paintings, The nice Transformation, Polanyi documented the impression of the increase of industry society on western civilization and captured larger than somebody else the harmful results of the industrial, political and social predicament of the Nineteen Thirties. this present day, within the throes of one other nice Recession, Polanyi’s paintings has won a brand new value. to appreciate the profound demanding situations confronted via our democracies at the present time, we have to revisit heritage and revisit his work.
during this new choice of unpublished texts - lectures, draft essays and studies written among 1919 and 1958 - Polanyi examines the cave in of the liberal financial order and the dying of democracies within the inter-war years. he's taking up back the basic query that preoccupied him all through his paintings - where of the financial system in society - and goals to teach how we would go back to an economic climate anchored in society and its cultural, non secular and political associations.
For an individual keen on the risk to democracy and social lifestyles posed via the unleashing of capital from regulatory keep an eye on and the dominance of the neoliberal ideologies of industry fundamentalism, this significant new quantity via one of many nice thinkers of the 20 th century is a must-read.