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.
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© 2008 Daniel Friedman
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Friedman, D. (2008). The Great Transformation. In: Morals and Markets. Palgrave Macmillan, New York. https://doi.org/10.1057/9780230614987_4
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DOI: https://doi.org/10.1057/9780230614987_4
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-37051-1
Online ISBN: 978-0-230-61498-7
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)