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The Great Transformation

In: Morals and Markets

Author

Listed:
  • Daniel Friedman

Abstract

About two hundred years ago, a new system took root in Western Europe. That system then spread across the globe, bringing down the last of the great empires and setting humanity on a new course. Markets are the core of the new system, but it reaches far beyond the economic sphere and pervades all aspects of our social life, including governance, technology, education, and even religion.

Suggested Citation

  • Daniel Friedman, 2008. "The Great Transformation," Palgrave Macmillan Books, in: Morals and Markets, chapter 3, pages 43-58, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-61498-7_4
    DOI: 10.1057/9780230614987_4
    as

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