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Markets and Society: the Life and Thought of Karl Polanyi

davidcayley.com

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Introduction

With the fall of the berlin wall, a new era began. Writer francis fukiama proclaimed that history had reached its inevitable destination in capitalism and liberal democracy. Karl polani lived what he called a world life, which took him twice as an exile - from his native hungary to vienna, london, new york and finally pickering, ontario where he died in 19 64. The market society is economic in a different sense, because the economy drives the society. In that sense, the economy is lifted up and operates according to laws of its own.

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