1. Key Theories of Market Society
This idea has been birthed by Polanyi's insight into the changing patterns of markets and their role in respect to social life as the economy becomes more industrialised. Polanyi describes the evolution of markets from the early 1500's and 1600's where markets were largely uncompetitive and isolated to recent globalist markets that are seen as being highly competitive and central to everyday social life. ... The commodification has led to difficulties in family and social life for many families with extended unpaid hours of work, casualization of the work, outsourcing jobs and r...
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- Approx Pages: 5
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- Grade Level: Graduate