There is another political economist whose work might offer a solution, or at least a different perspective. His name is Karl Polanyi (pictured below right) and his most famous work, The Great Transformation, was also published in 1944. The University of Warwick’s Professor Ben Clift, Professor Matthew Watson and Dr Christopher Holmes make the case for why George Osborne, Ed Balls, the members of the European Commission and you might all want to add the book to your reading lists.
“The Great Transformation is a remarkable book on a number of levels,” says Chris. “It’s a thrilling read. Karl Polanyi has an engaging, polemical style which draws you in and, over its relatively few pages, takes you on a journey through 400 years of economic history and 400 years of the economic ideas that surround that history.