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
4. gab between thepoor and the rich
About 100,000 people in India's milrieoneeo (assets over $ 1,000,000), live, and that number is increasing rapidly. India's rapid economic growth, soaring real estate values and resulting property of the Indian rich person has contributed to further disadvantage.
Outstanding college graduates flood the salary received 30,000 to 40,000 U.S. dollars, engi
2.1 The gap between the rich and thepoor
India has become a major economic power. However, the gap between the rich and thepoor in India is not negligible. In big cities, like New Delhi and Bangalore, there are many people living with high-income. However, approximately 35% of the people live on less than $1 a day.
2.2 The operational and financial reasons
India is the world's 6th largest
Why are they so poor?
Industrialised
near-autarchic
highly centralized command economy
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Self-reliant economy
No petroleum resources of its own
Collapse of the great Soviet system
Devastating floods
Isolation from the outside world
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Distribute Six times a year on holidays in east and north region
Wild Foods were frequently used by households across all province
Ch