1st lines: Christopher Holmes’ book, in its title, promises a detailed assessment of a question that has recently been on everyone’s lips: to what extend can Karl Polanyi’s theory of political economy, as formulated notably in his magnum opus, The Great Transformation, explain the relationship between present-day socio-economy and the rise of populism? What he delivers is far more than an answer to this question. Having published on Polanyian approaches to political economy earlier, what the author presents in this monography is, first of all, a comprehensive and independent reading of Karl Polanyi’s life work. Second, based on this, he offers his own take on the history of Western economic thought. Third, he sketches a ‘post-Polanyian‘ approach to the analysis of economic thought and economic policy in the late 20th/early 21st century by offering some profound pages on three different policy areas: regulation of the transnational financial system; global environmental policy; and British social policy.