Karl Polanyi Quote

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 time without annihilating the human and natural substance of society; it would have physically destroyed man and transformed his surroundings into a wilderness.

The Great Transformation: The Political and Economic Origins of Our Time (ed. Beacon Press, 2001) - ISBN: 9780807056424