“Robert Owen’s was a true insight: market economy if left to evolve according to its own laws would create great and permanent evils.” — Karl Polanyi Copy Share Image
“In the half-century 1879–1929, Western societies developed into close-knit units, in which powerful disruptive strains were latent. The more immediate source of this development was the impaired self-regulation of market economy. Since society was made to conform to the needs… — Karl Polanyi Copy Share Image
“Robert Owen’s was a true insight: market economy if left to evolve according to its own laws would create great and permanent evils.” — Karl Polanyi Copy Share Image
“The root of all evil, the liberal insists, was precisely this interference with the freedom of employment, trade and currencies practiced by the various schools of social, national, and monopolistic protectionism since the third quarter of the nineteenth century; but for the unholy alliance of trade unions and labor parties with monopolistic manufacturers and agrarian interests, which in their shortsighted… — Karl Polanyi Copy Share
There was nothing natural about laissez-faire; free markets could never have come into being merely by allowing things to take their course. Just as… — Karl Polanyi Copy Share Image
“the selfish gladly consoled themselves with the thought that though it was merciful at least it was not liberal;” — Karl Polanyi Copy Share Image
To allow the market mechanism to be the sole director of the fate of human beings and their natural environment…would result in the demolition… — Karl Polanyi Copy Share Image
Our thesis is that the idea of a self-adjusting market implied a stark utopia. Such an institution could not exist for any length of… — Karl Polanyi Copy Share Image
Enclosures have been appropriately called a revolution of the rich against the poor. — Karl Polanyi Copy Share Image
“In the half-century 1879–1929, Western societies developed into close-knit units, in which powerful disruptive strains were latent. The more immediate source of this development… — Karl Polanyi Copy Share Image
“the organization of labor is only another word for the forms of life of the common people, this means that the development of the… — Karl Polanyi Copy Share Image
“And yet, Burke might have countered, once the masses were fated by the laws of political economy to toil in misery, what else was… — Karl Polanyi Copy Share Image
“...To allow the market mechanism to be sole director of the fate of human beings and their natural environment, indeed, even of the amount… — Karl Polanyi Copy Share Image
