Outline for a revision of The Great transformation (1954)

I The Market Economy

   What it is and does – a theoretical model
   Prices as the governing element
   Analogy of the thermostat, the automatic governor
   Commodities, real and fictitious
   Motives

II Contrast

   Primitive economies, examples, motives
   Mercantilism, single markets
   The economy embedded in society
   A substantive approach

III The Rise of Market Economy

   Early history, the machine and the Industrial Revolution
   Labour
   Land
   Money, prices
   Gold standard and the international archway

IV The Origins of Economic Theory

   The two meanings of economic
   The classical school
   Marxism

V The Reality of Society

   Economic liberalism, philosophy and conspiracy
   Rates of change. Impact on primitive societies
   Robert Owen and the critique of market economy

VI The Double Movement

   Man
   Nature
   Productive Organization

VII Breakdown and Emerging Adjustment

   Nineteenth century civilization, 4 institutions.
   Short history to 1933
   Fascism
   Russia
   The New Deal

VIII The Human Perspective

   America in the Post-war period
   Re-embedding the economy in non-economic institutions:
   The trade union
   The corporation
   The government
   The significance of functional finance
   Relativizing the market and freedom from economics”
   Freedom and peace: from Economics to Politics.

References

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