Archive for May 31st, 2009
Polanyi’s “Great Transformation”
Here’s a look back at an important [and largely forgotten] bit of economic theory and research before the dismal science began its long descent into its econometric nightmare. Karl Polanyi’s work remains eerily relevant:
The idea of self-regulating markets is utopian, and like all utopias extremely brutal if tried to be realized.
N’uff said. This is a [...]
Posted: May 31st, 2009 under The Dismal Science.
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