Chapter 2. The Great Transformation

Ancient and Modern Economics

  1. Neville Morley

Published Online: 2 MAR 2009

DOI: 10.1002/9781444305111.ch2

Antiquity and Modernity

Antiquity and Modernity

How to Cite

Morley, N. (2009) The Great Transformation, in Antiquity and Modernity, Wiley-Blackwell, Oxford, UK. doi: 10.1002/9781444305111.ch2

Publication History

  1. Published Online: 2 MAR 2009
  2. Published Print: 31 AUG 2008

Book Series:

  1. Classical Receptions

Book Series Editors:

  1. Maria Wyke

Series Editor Information

  1. University College London, UK

ISBN Information

Print ISBN: 9781405131391

Online ISBN: 9781444305111



  • The Great Transformation - Ancient and Modern Economics;
  • Manifesto of the Communist Party - credited to Karl Marx and Friedrich Engels;
  • invention of modern economy;
  • the Great Transformation;
  • ancient dependence on slavery - consequences for ancient society and economy;
  • Malthus' approach in validating his “principle of population”;
  • history and economics;
  • failure of antiquity;
  • capitalism ancient and modern


This chapter contains sections titled:

  • The Invention of the Modern Economy

  • History and Economics

  • The Failure of Antiquity

  • Capitalism Ancient and Modern

  • Notes