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 cotton manufactures were created by the help of protective tariffs, export bounties, and indirect wage subsidies, laissez-faire was enforced by the state.


The Great Transformation (ed. Beacon Pr, 1957) - ISBN: 9780807056790

Karl Polanyi Quotes

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...

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...

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...

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...