The Great Transformation: The Political and Economic Origins of Our Time

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Polanyi, Karl. 1944. The Great Transformation: The Political and Economic Origins of Our Time. Amereon Ltd (January 3, 2012).

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Description

Explains the socially constructed nature of "free markets", as opposed to "spontaneous order". A major work of economic history.

Wikipedia has a very good summary here.

Links

Karl Polanyi Explains It All [More...]
Robert Kuttner explains how Polanyi's The Great Transformation: The Political and Economic Origins of Our Time is more relevant now than ever. "Contrary to libertarian economists from Adam Smith to Hayek, Polanyi argued, there was nothing “natural” about the free market."

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