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Beacon Press books

are published under the auspices of

the Unitarian Universalist Association of Congregations.

© 1944, 1957, 2001 by Karl Polanyi

First Beacon Paperback edition published in 1957

Second Beacon Paperback edition published in 2001

All rights reserved

Printed in the United States of America

12 11 10        13 12 11

This book is printed on acid-free paper that meets the uncoated paper ANSI/NISO

specifications for permanence as revised in 1992.

Text design by Dan Ochsner

Composition by Wilsted & Taylor Publishing Services

Library of Congress Cataloging-in-Publication Data

Polanyi, Karl, 1886–1964.

The great transformation : the political and economic origins of our time / Karl Polanyi ; foreword by Joseph E. Stiglitz ; with a new introd. by Fred Block.—2nd Beacon Paperback ed.

p.    cm.

Originally published: New York : Farrar & Rinehart, 1944 and reprinted in 1957 by Beacon in Boston.

Includes bibliographical references and index.

eISBN 978-0-8070-5642-4

ISBN 978-0-8070-5643-1 (pa : alk. paper)

1. Economic history.  2. Social history.  3. Economics—History.  I. Title.

HC53.p6 2001

330.9—dc21

00-064156