在这部关于经济史和社会理论的经典著作中，卡尔·波兰尼分析了工业革命的大转型带来的经济和社会的巨大变化。他的分析不仅阐述了自我调适的自由市场的缺陷，而且阐述了资本主义市场带来的可怕的社会后果。新的序言和导言揭示了在全球化和自由贸易时代波兰尼的精辟分析所具有的新的价值。
当第二次世界大战接近尾声的时候，两本关于政治经济学的著作出版了。一本是哈耶克的《通向奴役之路》，它成为20世纪最后四分之一世纪里的自由市场革命的推动性力量。另一本是卡尔·波兰尼的《大转型》，它值得人们好好阅读，它是这个世纪最重要、最具创造性的著作，就扩展和加深对市场社会的批评而言，这个时代没有其他书比《大转型》做得更多了。

Between 1979 and 1989, rural life in China was transformed: the communes were dismantled, tiny family farms were created, government domination of commerce and enterprise was eased, and many entrepreneurial ventures were brought to life. China's rural reform was arguably the most massive single act of privatization in history. Although Deng Xiaoping's government claimed credit for the dramatic innovations, Daniel Kelliher shows that it was the peasants themselves—with no organization or legal political voice of their own--who instigated the most radical changes of the reform era.
Drawing on his fieldwork in Hubei Province and neighboring provinces in south-central China, Kelliher traces the origins of reform in three areas—family farming, marketing, and private entrepreneurship—and details the local conspiracies, deceptions, and illegal experiments that peasants used to push state policy in new directions. He also addresses the larger issue of how disenfranchised peasants could affect politics at all under a strong state like that of China. Analyzing the evolution of state socialism in China, Kelliher explains how state ambitions for modernization in the post-Mao era made the state-socialist system vulnerable to rising peasant power. He also shows why the state seized upon economic privatization as a way of securing its political base among the peasantry. The book not only offers a wide-ranging portrait of rural politics in contemporary China but also uses the Chinese case to illuminate state-peasant relations, reform in state socialism, and privatization in other third world nations.