The author regretted specifying "householding" as a separate "form of integration" in this book, claiming later that householding was only a small- scale kind of the "redistribution" form.
The author regretted specifying "householding" as a separate "form of integration" in this book, claiming later that householding was only a small- scale kind of the "redistribution" form. Some of the criticism from anthropologists of this book's understanding of the economic organization of pre-industrial tribes was responded to in its followup Trade and Markets in Ancient Empires, and this book notably claims that it was not a reaction from the poor on distributional grounds that led to the end of laissez-faire capitalism, but rather a reaction from the new merchant class, whose conservative desire for visible order was incompatible with an anarchic economy. It lays out the political balance of power, the gold standard, and liberal governments as three of the four factors which enabled the title event to occur, with the last and most important being what the author calls the "self-regulating market." For 10 points, name this book which sought to explain how Europe shot to economic prominence in the nineteenth century but was so quickly undone by World War I, a study by Karl Polanyi.
The author regretted specifying "householding" as a separate "form of integration" in this book, claiming later that householding was only a small- scale kind of the "redistribution" form.
The {Great Transformation}