The Great Transformation: Book Summary & Analysis

Book summary by Loudly, this is an abridged version of the original title.

In The Great Transformation, a groundbreaking exploration of economic and social history, the origins and consequences of the modern market economy are meticulously examined. This thought-provoking work traces the shift from traditional, embedded economies to the market-driven systems of the 19th and 20th centuries. It delves into how this transformation upended social structures, fueled inequality, and provoked political turmoil, while emphasizing the human and environmental costs of commodifying labor, land, and money. With a focus on the interplay between economic systems and society, this book offers essential insights into the challenges of navigating contemporary crises rooted in the very fabric of market economies.

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Release date

Audiobook: January 22, 2025