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. ... This was in such to safeguard trade so that it was unable to be manipulated with civil society's power to dictate and determine prices on its value merits. ... 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...
- Word Count: 1246
- Approx Pages: 5
- Has Bibliography
- Grade Level: Graduate