Karl PolanyiThinkers

Capitalism is an economic system in which markets are the primary tool of economic integration.

The Double movement 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 is on our radar. Try again later or consider contributing!

Formalist vs. substantivist debate is on our radar. Try again later or consider contributing!

The Great transformation 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 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.

Marxism is the enemy of true science.

The Non-capitalist society is characterized by not being based on market exchange but on redistribution and reciprocity.

Reciprocity is a characteristic (along with redistribution) of non-capitalist societies based not on market exchange.

Substantivism is on our radar. Try again later or consider contributing!