@taskmaster4450le's thread

“Polanyi’s book was a game changer. It provides us with a series of reflections on the nature of the market society. Before Karl Polanyi, it was usual to try to think of markets in isolation, just as a simple economic form, and they could be spoken about in equally simple economic terms. Much of the discussion about markets before The Great Transformation was simply about efficiency criteria: was the market the most efficient way of organising an economy; would it lead to higher levels of growth; would it lead to more trade between different countries?