1. Key Theories of Market Society
One of Polanyi's key theories is a "double movement" that arises out of a trend to push towards free market deregulation of the economy. ... Polanyi builds his argument by defining the foundation for free market economies. ... This facilitates the freeing up market economies with greater allowance for competitive forces to determine prices. ... In reality, he theorizes there will fail to exist a market economy that consists of a completely self-regulating markets in which prices are completely free to be determined by competitive forces of supply and demand, and is free from any social in...
- Word Count: 1246
- Approx Pages: 5
- Has Bibliography
- Grade Level: Graduate