Since it was posted in Aug 2013, this post has been almost continuously among the top ten posts on the RWER Blog, and attracts nearly a 1000 hits every month. Revised & updated on 25/12/2017; Previous Version (rev 16/9/2016); Original Post (29/8/2013) Shortlink: bit.do/polanyi Ever since the spectacular failure of modern economic theory became obvious… Read More Summary of the Great Transformation by Polanyi
While there exist many books, journals and forums discussing improved teaching of neoclassical theories, our goal at WEA Pedagogy blog is radically different. Our goal is to change the teaching of economics in ways that will help all human beings on this planet lead richer and fuller lives, and enable them to realize the potential… Read More Three Goals for Pedagogical Change
Karl Paul Polanyi (1886 – 1964) is known for his opposition to traditional economic thought and his book, The Great Transformation. The Great Transformation was written in the interwar years but not published until 1944. Polanyi is known for his opposition to the emerging Austrian school of formal economic method. Methodologically, the Austrian free-market group of economists,… Read More Classic Books. The Great Transformation by Karl Polanyi
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