With the rapid development of the economy, political economy plays a more and more important role in commerce, so does the government reaction in fixing the defects in recent capitalist economy.Polanyi's "The Great Transformation" is a broad, sweeping work that encompasses history, sociology, economics and political science. MacIver writes that the book's particular relevance for a political scie
1. Review of “The Great Transformation”
Karl Polanyi(1886-1954)
An Austro-Hungarian political economist
He tried to deal with the social and political upheavals that took place in England during the rise of the market economy.
The great transformation:
“The political and economic origins of our time”
Originally Published in 1944 and reprinted in 1957 by Beacon in Boston.
Polany
Chapter4. Economy
The economy of Norway is a developed mixed economy. Norway is the twenty second highest GDP in 2013 but the third highest GDP per-capita in the world. A country maintained the world’s first place in the Human Development Index (2001-2006) and has done it since 2009. The Gini’s coefficient is just 0.23. It means the gap between the richand the poor is very small. The tradit
and reasonable thought. It is the reason that there is no conflictbetween philosophy and religion in India.
‘Unity in diversity’ is not just another phrase or quotation. But, these words are highly prudent to a country like India that is incredibly rich in culture and heritage. Few quotations or statements cannot describe the pedestal that India holds in the world map because of its colorfu
and a rich supply of labor outsourced from abroad in large capital-intensive industries led to a disproportionate growth of commitment to the revelation of type, with rapid economic growth has been unbalanced across industries, adhesions, and scenery the gap betweenrichandpoor has caused social unrest due to expansion. Thus, 6.29 and 10.26 declares crisis in the late 1980s, By the standing a