“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
“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… — Karl Polanyi Copy Share Image
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
