Karl Polanyi Quote

Market economy implies a self-regulating system of markets; in slightly more technical terms, it is an economy directed by market prices and nothing but market prices.


The Great Transformation (1944) - Ch. 4 : Societies and Economic Systems

Picture Quote 1

Market economy implies a self-regulating system of markets; in slightly more technical terms, it is an economy directed by market prices and nothing...

Picture Quote 2

Market economy implies a self-regulating system of markets; in slightly more technical terms, it is an economy directed by market prices and nothing...

Picture Quote 3

Market economy implies a self-regulating system of markets; in slightly more technical terms, it is an economy directed by market prices and nothing...

Picture Quote 4

Market economy implies a self-regulating system of markets; in slightly more technical terms, it is an economy directed by market prices and nothing...