Red hot: The Great Transformation, Published in 1944, it is based on the thesis that only the emergence of a liberal market economy with its "free play of forces" led to that characteristic "detachment" and independence of the economy from society, which historically represents a novelty and the bourgeois society of different from all other social formations. The Great Transformation— this marks the transition from "integrated" societies, in which the economic activities of individuals were embedded in an overarching cultural context, to non-integrated, free-market type societies.
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