Cover image for Great transformations : economic ideas and institutional change in the twentieth century
Great transformations : economic ideas and institutional change in the twentieth century
Blyth, Mark, 1967-

Personal Author:
Publication Information:
New York : Cambridge University Press, c2003.
Physical Description:
xii, 284 p.
Personal Subject:


Material Type
Item Barcode
Call Number
Shelf Location
Item Holds
Book BILKUTUP0285920 JC574.2.U6 B59 2003 Central Campus Library

On Order



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.

Table of Contents

Prefacep. vii
Acknowledgmentsp. xi
Part I Theory
1 Karl Polanyi and Institutional Changep. 3
2 A Theory of Institutional Changep. 17
Part II Cases
3 Building American Embedded Liberalismp. 49
4 Building Swedish Embedded Liberalismp. 96
5 Disembedding Liberalism: Ideas to Break a Bargainp. 126
6 Disembedding Liberalism in the United Statesp. 152
7 Disembedding Liberalism in Swedenp. 202
Part III Conclusions
8 Conclusionsp. 251
Indexp. 277