Entries by Ed Walker

The Great Transformation Part 9: The Rise of Fascism and Conclusion

Previous posts in this series: The Great Transformation: Mainstream Economics and an Introduction to a New Series The Great Transformation Part 1: The Market The Great Transformation Part 2: More on Markets The Great Transformation Part 3: Neoliberalism Before It Got Its New Name The Great Transformation Part 4: Reaction and Counter-Reaction To Self-Regulating Markets […]

The Great Transformation Part 8: Money as a Fictitious Commodity

Previous posts in this series: The Great Transformation: Mainstream Economics and an Introduction to a New Series The Great Transformation Part 1: The Market The Great Transformation Part 2: More on Markets The Great Transformation Part 3: Neoliberalism Before It Got Its New Name The Great Transformation Part 4: Reaction and Counter-Reaction To Self-Regulating Markets […]

The Great Transformation Part 7: Land as a Fictitious Commodity

Previous posts in this series: The Great Transformation: Mainstream Economics and an Introduction to a New Series The Great Transformation Part 1: The Market The Great Transformation Part 2: More on Markets The Great Transformation Part 3: Neoliberalism Before It Got Its New Name The Great Transformation Part 4: Reaction and Counter-Reaction To Self-Regulating Markets […]

The Costs of Equal Opportunity in a Neoliberal Economy

Eric Loomis has a nice discussion of an article in the WaPo titled “White Americans long for the 1950s, when they didn’t face so much discriination.” The article reports these findings: • 43% of all respondents said discrimination against whites is as much of a problem as discrimination against blacks and other minority groups. • […]

The Great Transformation Part 6: Labor as a Fictitious Commodity

Previous posts in this series: The Great Transformation: Mainstream Economics and an Introduction to a New Series The Great Transformation Part 1: The Market The Great Transformation Part 2: More on Markets The Great Transformation Part 3: Neoliberalism Before It Got Its New Name The Great Transformation Part 4: Reaction and Counter-Reaction To Self-Regulating Markets […]

The Great Transformation Part 5: Polanyi on Marxian Analysis

Previous posts in this series: The Great Transformation: Mainstream Economics and an Introduction to a New Series The Great Transformation Part 1: The Market The Great Transformation Part 2: More on Markets The Great Transformation Part 3: Neoliberalism Before It Got Its New Name The Great Transformation Part 4: Reaction and Counter-Reaction To Self-Regulating Markets […]

The Great Transformation Part 4: Reaction and Counter-Reaction To Self-Regulating Markets

Previous posts in this series: The Great Transformation: Mainstream Economics and an Introduction to a New Series The Great Transformation Part 1: The Market The Great Transformation Part 2: More on Markets The Great Transformation Part 3: Neoliberalism Before It Got Its New Name The standard history of the industrial revolution in England says that […]

The Great Transformation Part 2: More on Markets

The first two posts in this series are: The Great Transformation: Mainstream Economics and an Introduction to a New Series The Great Transformation Part 1: The Market In Part 1 I discussed the definition of markets in The Great Transformation, and noted that Karl Polanyi gives a definition, while mainstream neoliberal economic theory doesn’t. The […]

The Great Transformation Part 1: The Market

The Great Transformation by Karl Polanyi opens with a discussion of the changes in industrial societies in the 1920-30, which he says wiped out the social structures of the 19th Century. His explanation of that change begins with a history of markets, and their role in creating what he calls the market society. In mainstream […]

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