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Great Transformations

Great Transformations
Economic Ideas and Institutional Change in the Twentieth Century

£24.99

  • Date Published: October 2002
  • availability: Available
  • format: Paperback
  • isbn: 9780521010528

£ 24.99
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About the Authors
  • This book picks up where Karl Polanyi's study of economic and political change left off. Building upon Polanyi's conception of the double movement, Blyth analyzes the two periods of deep seated institutional change that characterized the twentieth century: the 1930s and the 1970s. Blyth views both sets of changes as part of the same dynamic. In the 1930s labor reacted against the exigencies of the market and demanded state action to mitigate the market's effects by 'embedding liberalism.' In the 1970s, those who benefited least from such 'embedding' institutions, namely business, reacted against these constraints and sought to overturn that institutional order. Blyth demonstrates the critical role economic ideas played in making institutional change possible. Great Transformations rethinks the relationship between uncertainty, ideas, and interests, achieving profound new insights on how, and under what conditions, institutional change takes place.

    • Theorizes the effect of ideas in politics
    • Presents a perspective on institutional change
    • Puts the politics of business at the forefront of analysis
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    Reviews & endorsements

    'Great Transformations is a significant book in at least two ways. First, it extends academic debate about the causes of change in wealthy capitalist countries in important ways … Second, and more important, Great Transformations dissects profound changes in the state that leave many millions of individuals much more vulnerable … Those hostile to granting ideas a role in political explanation will have to engage with Blyth's framework, the mark of an important scholarly work.' West European Politics

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    Product details

    • Date Published: October 2002
    • format: Paperback
    • isbn: 9780521010528
    • length: 298 pages
    • dimensions: 228 x 153 x 21 mm
    • weight: 0.41kg
    • availability: Available
  • Table of Contents

    Part I. Theory:
    1. Karl Polanyi and institutional change
    2. A theory of institutional change
    Part II. Cases:
    3. Building American embedded liberalism
    4. Building Swedish embedded liberalism
    5. Disembedding liberalism: ideas to break a bargain
    6. Disembedding liberalism in the United States
    7. Disembedding liberalism in Sweden
    Part III:
    8. Conclusions.

  • Author

    Mark Blyth, The Johns Hopkins University

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