Changing Approaches to Development since 1950: Drawing on Polanyi

The article focuses on analysis of Karl Polanyi in the book "The Great Transformation" which explained the changes in Great Britain from eighteenth-century mercantilism to nineteenth-century free markets to the state-centered interventionism of the mid-twentieth century evident when he was writing. It mentions additional features needed for understanding the evolution of development thought and repeal of the Corn Laws in 1846, leading to free trade in agricultural products.