12 definitions
Capitalism (n.) is an economic system in which markets are the primary tool of economic integration.
The Double movement (n.) is the idea that once the free market attempts to separate itself from the fabric of society, social protectionism is society's natural response.
Embedded - disembedded economies (n.) is on our radar. Try again later or consider contributing!
Formalist vs. substantivist debate (n.) is on our radar. Try again later or consider contributing!
The Free market (n.) left to adjust itself could not last long without annihilating the human and natural substance of society and turning its surroundings into a wilderness.
The Great transformation (n.) is the divide between modern, market-dominated society and non-western, non-capitalist pre-industrial societies. Polanyi argues only substantive meaning' can analyze non-capitalist societies.
Laissez-faire (n.) is not spontaneous, but, somewhat counter-intuitively, it is planned, whereas social protectionism was a spontaneous reaction to the social dislocation imposed by an unrestrained free market.
Market society (n.) began in 1830s England as a utopian experiment — history's most ruthless act of social reform, crushing multitudes of lives.
Marxism (n.) is the enemy of true science.
The Non-capitalist society (n.) is characterized by not being based on market exchange but on redistribution and reciprocity.