The Approaching Great Transformation

Joel Magnuson's visionary insights into the decline of the Oil Age and life afterward combine sobering warnings with genuine hope. The facts are hard: global oil deposits will soon peak if they haven't already and the violent race to secure what's left has already begun. Meanwhile, our culture of consumption continues its heedless dependence on this and other scarce and fast-disappearing resources including other fossil fuels, water, topsoil, and basic metals. The consequences won't just be expensive gasoline. The very nature of life as we've come to know it will change and Magnuson explains how compounding factors like global warming, skyrocketing debt, and ill-prepared governments stand to turn this inevitable change into a needless catastrophe. But the hope is real: individuals and communities around the world have already begun taking action to shift away from consumer culture. Drawing on the visionary work of E.F. Schumacher, John Ruskin, and other pioneering thinkers, Magnuson argues that mindful and concerted action can shape the future. With an emphasis on current transitional projects like B Corporations and LETS projects, he shows that the true great transformation is already underway and it's up to us to continue it. With a foreword by Helena Norberg-Hodge, founder and director of the International Society for Ecology and Culture (ISEC)

‘One of the most powerful books in the social sciences ever written. ... A must-read’ Thomas Piketty 'The twentieth century's most prophetic critic of capitalism' Prospect ‘Polanyi’s revolutionary work is a must-read’ Mariana Mazzucato Karl Polanyi's landmark 1944 work is one of the earliest and most powerful critiques of unregulated markets. Tracing the history of capitalism from the great transformation of the industrial revolution onwards, he shows that there has been nothing 'natural' about the market state. Instead of reducing human relations and our environment to mere commodities, the economy must always be embedded in civil society. Describing the 'avalanche of social dislocation' of his time, Polanyi’s hugely influential work is a passionate call to protect our common humanity. ‘Polanyi's vision for an alternative economy re-embedded in politics and social relations offers a refreshing alternative’ Guardian ‘Polanyi exposes the myth of the free market’ Joseph E. Stiglitz With a new introduction by Gareth Dale

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.

"A brave book by a smart person with a masterful command of economic theory."—Publisher's Weekly How should we act and think economically in the world as the era of cheap oil comes to an end? The Approaching Great Transformation begins to answer this massive question, focusing on the people and communities already at work on the transition: energy descent pioneers in the UK and the US educating their communities about the road ahead, small enterprises defying traditional “profit” in favor of permanence and sustainability, and cities preparing for a post carbon future. Highlighting the work of thinkers like John Ruskin and E. F. Schumacher, Magnuson here builds on his previous book, Mindful Economics.

This volume considers how the work of Polanyi can contribute to our understanding of the relationship between market and society.

Are the huge profits garnered by corporations each year a case of a few bad apples in the business world taking advantage of unmonitored dealings? Is this consolidation of wealth made at the expense of the overall economy and the wellbeing of the average citizen? Will the planet be saved by developing more "green businesses" and "green collar" jobs? Joel Magnuson delivers a powerful response to the current misconceptions about the US economy in his brilliantly accessible Mindful Economics. The troubles we face are not the result of a good system gone awry, but rather a system that is built to do exactly what it is doing: corporations are designed to reap profits for its shareholders, at any cost. The greater welfare of society, or of the environment, will never be as important as financial gain. Magnuson shows us the relationship between the current wars abroad; rising oil prices; the recession; ballooning incomes of top CEOs; the mortgage crisis; and the health care, insurance, and auto industries, and he teaches us that the best way to understand the US economy is to think like an economist. With stunning clarity, Magnuson shows the interconnectedness of the local with the global, and offers real alternatives to this capitalist model.

This book provides information on the ongoing transformation of the Eurasian region, offering a theoretical background and a discussion of the security complex characteristics of Eurasia, the roles of the “New Great Game”, and recent opportunities and challenges in the region, such as the new Silk Road. It examines the changes that are taking place beyond the dissolution of the Soviet Union, independence, and the energy and security parameters in the Eurasian region. Eurasia, with its various historical, geographic, economic and socio-political characteristics, its energy resources, transportation routes, and unsolved conflicts, is a region undergoing dramatic and complex change. The book also analyses the background of the desecuritization and integration of the region, exploring the geographical, economic and socio-political characteristics of the region and the nature of the involvement of both regional and external powers. It explains NATO involvement in the region based on an analytical “Great Transformation” framework.

Following the locust years of the neo-liberal revolution, social democracy was the great victor at the fin-de-siècle elections. Today, parties descended from the Second International hold office throughout the European Union, while the Right appears widely disorientated by the dramatic “modernisation” of a political tradition dating back to the nineteenth century. The focal point of Gerassimos Moschonas’s study is the emergent “new social democracy” of the twenty-first century. As Moschonas demonstrates, change has been a constant of social-democratic history: the core dominant reformist tendency of working-class politic notwithstanding, capitalism has transformed social democracy more than it has succeeded in transforming capitalism. Now, in the “great transformation” of recent years, a process of “de-social-democratization” has been set in train, affecting every aspect of the social-democratic phenomenon, from ideology and programs to organization and electorates. Analytically incisive and empirically meticulous, In the Name of Social Democracy will establish itself as the standard reference work on the logic and dynamics of a major mutation in European politics.