A spontaneous fictitious backlash occurs in order to protect nature and economic resources from commodification of market units. ... Polanyi postulates the "double movement" that will exist in the real economic world as a counter-balance in response to this this free – market liberalism system. ... In the contemporary socio-economic sphere, Polanyi's analysis of market patterns and progression of markets can become increasingly relevant to investigating current socio-economic policy issues. ... The commodification of labour, makes it much easier for employers to lay off workers as t...

• Word Count: 1246
• Approx Pages: 5
• Has Bibliography
• Grade Level: Graduate

Nevertheless, this discourse has had repercussions in developing new perspectives on development, as post-development arguments have shifted the views on certain aspects of development, including a rapprochement on political economy and cultural analysis. ... This would include recognizing what is already in place in the area, emphasizing relations rather than the logics of development, and building upon the economic interdependence of individuals and groups. ... Gibson-Graham believe that through continued work with this population subset and strengthening the community economy, there wil...

• Word Count: 3546
• Approx Pages: 14
• Grade Level: Graduate