Outline for a revision of The Great transformation (1954)

• I The Market Economy
  • 1. What it is and does – a theoretical model
    • Prices as the governing element
    • Analogy of the thermostat, the automatic governor
  • 2. Commodities, real and fictitious
  • 3. Motives
• II Contrast
  • 1. Primitive economies, examples, motives
  • 2. Mercantilism, single markets
  • 3. The economy embedded in society
  • 4. A substantive approach
• III The Rise of Market Economy
  • 1. Early history, the machine and the Industrial Revolution
  • 2. Labour
  • 3. Land
  • 4. Money, prices
  • 5. Gold standard and the international archway
• IV The Origins of Economic Theory
  • 1. The two meanings of economic
  • 2. The classical school
  • 3. Marxism
• V The Reality of Society
  • 1. Economic liberalism, philosophy and conspiracy
  • 2. Rates of change. Impact on primitive societies
  • 3. Robert Owen and the critique of market economy
• VI The Double Movement
  • 1. Man
  • 2. Nature
  • 3. Productive Organization
• VII Breakdown and Emerging Adjustment
  • 1. Nineteenth century civilization, 4 institutions.
  • 2. Short history to 1933
  • 3. Fascism
  • 4. Russia
  • 5. The New Deal
• VIII The Human Perspective
  • 1. America in the Post-war period
  • 2. Re-embedding the economy in non-economic institutions:
    • The trade union
    • The corporation
    • The government
  • 3. The significance of functional finance
  • 4. Relativizing the market and freedom from economics”
  • 5. Freedom and peace: from Economics to Politics.

References

Reference:
Date: February 24, 1954
KPA: 38/12