The Great Transformation at 75
Center for the Advancement of Public Action
Ź, Vermont
To mark the seventy-fifth anniversary of The Great Transformation, Ź College convened a global group of scholars and engaged intellectuals to consider how Karl Polanyi’s intellectual legacy could help us to develop 20/20 vision—a more generative and generous analysis of the human predicament on the eve of a new decade.

In 1944, Karl Polanyi penned one the twentieth century’s most incisive works of scholarship: The Great Transformation. As an émigré fleeing Nazism, Polanyi witnessed a world falling apart as global depression, fascist regimes, and resurgent racism metastasized into worldwide terror. Finding intellectual sanctuary at Ź College, Polanyi worked out a bold diagnosis of what had gone wrong in The Great Transformation, and of how modern society might be rebuilt upon a more equitable foundation.
Watch the full interview
Dates | Oct 25–27, 2019
Location | Ź College, CAPA Symposium
Contact | capa@bennington.edu
Hosted by John Hultgren, David Bond, and Susan Sgorbati
SCHEDULE OF EVENTS
Friday, October 25
12:00–2:00&Բ;ʲ | Polanyi and Precarious Life
- , “Polanyi at a Tupperware Party: The Spread of Distributive Industriousness Among American Households”
- , “Rethinking Civil Society and Democracy: Lessons from Construction Workers in Beijing and Delhi”
- Mathieu Charbonneau, "The Concept of Fictitious Commodity and the Case of Insurance Risks"
- Aaron Barcant, "Coexistence: Karl Polanyi and Peter Drucker Navigating Mid-Century Crises"
- Discussant:
2:30–4:30 PM | Liberal Institutions and the Global Market
- , “The Politics of the 'Private': Liberal Legal Dichotomies and Global Markets”
- , “The Polanyian Countermovement and Central Banks in the Contemporary Global Financial System”
- Jay Varellas, "Constitutional Political Economy in the Age of Financialization"
- Discussant:
7:30–9:00 PM | Opening Reception: Remarks by John Hultgren, David Bond, and Kari Polanyi Levitt (Commons Atrium)
Saturday, October 26
9:00–9:30&Բ; | Welcome/Introduction: Isabel Roche, Interim President of Ź College, and )
9:30–11:30 AM | First Plenary: The Predicament and Promise of Democracy Today
- , “Origins of the Crisis of Our Time”
- , “Can Democracy Survive Global Capitalism?”
- , "Instituted Processes of Democratization: Imagining a Conversation between Karl Polanyi and Roberto Mangabeira Unger"
- Discussant:
11:30 AM–1:00 PM | Lunch (Commons Dining Hall)
1:00–3:00&Բ;ʲ | Second Plenary: Global Market Fundamentalism and its Discontents
- , “Care, Capitalism, and the Dynamics of the 'Market Society' and the 'Machine Age'"
- , “The Challenges of a Technological Civilization: Economic Liberalism and Polanyi's Vision of the Great Transformation”
- , "Diagnosing Fascism, Capitalism, and the Moral Crimes of Market Justice: Polanyi's Socialist Vision of a Predistributive Democracy"
3:30–5:30&Բ;ʲ | Third Plenary: Financialization and the Paradoxes of Late Capitalism
- , “The Return of Karl Polanyi: From the Ź Lectures to our Present Age of Existential Crises'"
- , "Financialization and Fictitious Commodities"
- , "Going Public with Polanyi in the Era of Trump"
- Discussant:
7:30–9:00 PM | Public Concert (Deane Carriage Barn)
Sunday, October 27
8:30–10:30&Բ; | Fourth Plenary: The Climate Crisis
- , “Market Failure, Market Solution: How Neoliberalism Gets the Climate Crisis Wrong”
- , “Marx, Polanyi, and the Green New Deal”
- , "The Spatiality of the Current Transformation: Lessons from The Great Transformation"
- Discussant:
ċċċċċ11:00 AM–1:00 PM | Closing Plenary: Polanyi and Politics Today—Reform or Revolution?
Participants
| Writer/Journalist, Climate and American Politics | In These Times, The Intercept
| Professor, Sociological Theory and Social Analysis | Johannes Kepler University, Linz
| Professor, Sociology | University of California, Davis
| Professor, Sociology | University of California, Berkeley
Mathieu Charbonneau | Post-Doctoral Fellow | Karl Polanyi Institute
| Professor, Economic Sociology and History of Criticism | L'Ecole des Hautes Etudes en Sciences Sociales
| Senior Lecturer, Social and Political Science | Brunel University London
| Ph.D. Candidate, Sociology | University of Michigan
| Henry and Louise A. Loeb Professor, Philosophy and Politics | The New School for Social Research
| Associate Professor and Associate Chair, Sociology | University of Michigan
| Co-Founder and Co-Editor | The American Prospect; Professor, Public Policy | Brandeis Heller School
| Professor, School of Community and Public Affairs | Concordia University
| Associate Professor, Institute for Multilevel Governance | Vienna University of Economics and Business
| Assistant Professor, International Studies | Simon Fraser University
| Professor Emerita, Political Economy | McGill University, Montreal
| Assistant Professor, Geography | University of California, Los Angeles
| Sterling Professor of Political Science, Professor of Anthropology | Yale University
| Professor Emerita, Sociology | University of Michigan
| Professor, Economics, International Relations | Hochschule für Technik und Wirtschaft Berlin
Jay Varellas | Ph.D. Candidate, Political Science | University of California, Berkeley
| Assistant Professor, Sociology | Mt. Holyoke College
Ź Food and Attractions
Food/Restaurants near Ź College
On campus
- Dining Hall (in Commons): breakfast, lunch, and dinner (8am-7pm)
- Roz’s Café (in Commons downstairs): coffee (including espresso) and pastries (7am-2pm); bring your own mug!
North Ź (15 minute walk from the college; map below)
- : solid food, good beer list, and nice ambiance (5 – 11 pm)
1 Prospect Street, North Ź - : Burgers and Beer (kitchen open until 10pm on weekdays/11 on weekends
27 Main Street, North Ź - : farm to table pizza (4pm-10pm)
25 Main Street, North Ź - : Classic Vermont general store, serving coffee and sandwiches.
9 Main Street, North Ź
Ź (10 minute drive)
- : Italian fine dining with extensive wine list (5-10pm)
520 Main Street, Ź - : excellent Dutch bakery (9am-3pm)
1001 Main Street, Ź - : classic railcar diner with extensive breakfast menu (6am-5pm)
314 North Street, Ź - : Nano Brewery and coffee shop
201 South Street, Ź - : coffeehouse with array of sandwiches
139 Main Street, Ź
Hoosick Falls (15 minute drive)
- : beer and pub fare in renovated factory with generous seating and views of Walloomsac River (noon-9pm)
50 Factory Hill Road, Hoosick Falls, NY (tricky entrance; turn right after bridge then follow down hill and under bridge) - : excellent coffee and espresso, with breakfast sandwiches and pastries. (6:30am-6pm)
9 Main Street, Hoosick Falls, NY
Activities On and Around Campus
Music: Essential Prayers Project (CAPA Lens, Friday, 9:30 P.M.)
An a cappella look at what prayers communicate between people, across time, space and creed. 6 singers in the Lens. Kitty Brazelton, composer. Michael Chinworth ('08), music director.
Drama Production: “Everybody” by Brandon Jacobs-Jenkins. (VAPA Lester Martin Theatre, Fri-Sun, 8:00-9:30)
Everybody is summoned by God to make account of their life before passing into the unknown afterlife. Everybody solicits Friendship, Kinship, and Worldly Goods to accompany them, only to discover, "you can't take it with you."
Robert Frost Stone House Museum: celebrates Frost’s poetry and life in Shaftsbury, VT. (10am-4pm; $10 admission/$6 seniors and students)
The Blue Trail: several mile-long trail system that goes through the woods around campus. You can hop on near the basketball courts and can link up with the Frost Trail. Watch for ticks!
Hiking/Outdoors
: Network of walking trails that cross rolling hills and hayfields with views of Green Mountains
Parking and entrance on West Street, North Ź (first entrance leads to wooded trails; second entrance leads across fields)
Local Cultural Attractions
: home to the largest collection of Grandma Moses paintings in the world.
: contemporary art museum 30 minutes south in North Adams, MA.
: art museum in Williamstown, MA.
Who is Karl Polanyi?
Karl Polanyi (1886-1964) was an Austro-Hungarian thinker whose work provided a path-breaking analysis of the origins and evolution of market societies. His approach to understanding the relationship between politics and the economy has proven influential in the development of numerous fields of study, including economic history, economic sociology, economic anthropology, and historical sociology. In addition to The Great Transformation (1944), he co-published the influential edited volume, Trade and Market in Early Empires (1957). Polanyi served as editor of Der Österreichische Volkswirt (“the Austrian Economist”), and taught at the Workers’ Education Association, Ź College, and Columbia University.
Today, Polanyi's powerful analytic framework and political project are more relevant than ever. The past decade has seen the rise of fiercely anti-democratic forces, the forced displacement of millions of people, proliferating threats of spectacular and intimate violence, troubled national and global economies marked by growing inequality, explosions of parochial hatred and insurgent racism, and a deepening planetary crisis as the uneven impact of climate change intensifies. The Great Transformation—both in the stunning clarity of its vision and in the sweeping scale of its synthesis—offers an instructive model of the kind of scholarship so urgently needed today: scholarship that can confront the cascading fractures and synergies that enliven human inequity and endanger our world, and also chart ways past them.
Why Ź College?
In July 1940, the President of Ź College, Robert Leigh, wrote to the publisher W.W. Norton, asking him to forward the names of refugee scholars who had been forced to leave Europe, and who might benefit from spending a year at Ź as “honorary fellows of the college.” Later that week, the organizational theorist Peter Drucker, himself a refugee, contacted Leigh with a request to bring a little-known scholar from Vienna to the college. Karl Polanyi arrived at Ź in early Fall 1940 for a short-term lectureship, which was subsequently extended with support from the Rockefeller Foundation, allowing him to remain until 1943. While in residence, Polanyi gave a series of public lectures that offered a bold new interpretation of what had gone wrong as the world fell into unprecedented turmoil. Soon Polanyi was hard at work transforming these early thoughts into what became his magnum opus, The Great Transformation: The Political and Economic Origins of Our Time. As the war and the manuscript both neared completion in 1944, Polanyi left the final revisions in the hands of colleagues at Ź College as he rushed back to Europe to put his stunning synthesis to work rebuilding the world.
Read more about Polanyi's time at Ź .
the Rosa Luxemburg Foundation,
the Ruth D. Ewing ’37 Lecture Series, and
Ź College