A black and white photo of people waiting in a bread line from the Great Depression
Podcast, 33 mins

Great Depression

Discover how Karl Polanyi’s ideas explain the Great Depression and capitalism's crises.

For many the Great Depression represents the first and most devastating crisis in capitalism's history. How did it come about about? How did it change both the lives of ordinary people and capital accumulation? Was the Great Depression to be a model for future capitalist crises occurring in cycles, or a singular event producing a unique configuration of consequences?

Gareth Dale is Reader in Political Economy at Brunel, University of London. He joins Chris Saltmarsh and Dillon Wamsley to discuss how the ideas of Karl Polanyi can help us understand the 1930s Great Depression in the longer history of crisis and capitalism.

Recommended reading:
1) Karl Polanyi (1944), The Great Transformation
2) Gareth Dale (2010) Karl Polanyi: The Limits of the Market
3) Eric Helleiner (2014) Forgotten Foundations of Bretton Woods: International Development and the Making of the Postwar Order

Credits

Correct as of content publication - 30/06/2025

See also