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