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