Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (21843)	7/29/2002 8:17:39 PM
From: TobagoJack	Respond to of 74559

TIA for the flight read. Chugs, Jay

To: Ilaine who wrote (21843)	7/30/2002 7:10:48 AM
From: Oblomov	Read Replies (1) \| Respond to of 74559

>> also recomment Karl Polanyi's "The Great Transformation." Ha... That's quite a trendy book nowadays... very influential in new new left circles, such as Thomas Frank (of The Baffler and One Market Under God) Naomi Klein (No Logo) and Adbusters Magazine. Its ideas also feature prominently in the humor of Michael Moore, and this is probably both conscious and deliberate (though tacit). The Great Transformation is is only incidentally about the Great Depression, and its thesis was certainly shaped by it. More broadly, is about the emergence of what Polanyi referred to as the "self-regulating market economy", which predated the Depression by a century, and the transformation of human labor into a commodity. It's too bad, however, that the new new left (like Polanyi) haven't the slightest clue about economics, let alone what makes an economy perform well. I thoroughly disagree with Polanyi's anti-liberal ideas and his radical social-democratic program. But the book is worth reading.