An analysis of the transformation of the market in society with particular reference to the arguments of Karl Polanyi in "The Great Transformation: Origins of Our Time."
Written in 2008; 1,151 words; 7 sources; MLA; $ 39.95
Paper Summary:
This paper critically examines the issue of the transformation to capitalism in society from two viewpoints: that social relations have historically taken precedence over markets and that markets have always existed regardless of social relations. It argues that Karl Polanyi's argument in "The Great Transformation: Origins of Our Time," with regard to the rise of market economies is probably overstated and that it is likely that markets have existed throughout human history. The paper illustrates that this condition has fostered discontent and inequality throughout history and has been destructive to the human spirit.
From the Paper:
"This optimistic view of the market economy is not shared by everyone. While Steinbeck was writing about an exceptional period of economic collapse - the Depression of the 1930s - Douglas Coupland's creative writing about our contemporary period of economic expansion reveals a strikingly similar discontent. In Coupland, as in Steinbeck, there is a sense of the market economy as something both alien to humanity and destructive of our humanity. Coupland asserts that "Marketing is . . . theft, and no one ever feels good about stealing" (Coupland 27). Of course, one may dispute the latter point (see Homer, as referenced by Silver above), while agreeing with the former. Coupland's protagonist has a breakdown due to his inability to cope with his life as a unit of economic production."
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