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Politico-Economic Theories

C/P/405. Karl Polanyi's Theory of Political Economy

WORDS:
2600
DATE:
2011
PRICE:
29.99 GBP

The paper looks at the views of political economist Karl Polanyi discussing his idea that the free market is a challenge to social order and stability, explaining the phenomenon of ‘double movement’, i.e. a simultaneous attempt to liberalize markets while enacting protectionism, and arguing the relevance of Polanyi’s ideas for contemporary economists and policy-makers.

 

KEYWORDS: Karl Polanyi, Political Economy, free market,

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