On Sat, 20 Nov 2010, C. G. Estabrook wrote:
> In /The Great Transformation/ (1944) Karl Polanyi charted the social and
> political upheavals that took place in England during the rise of the
> market economy. He argued that the modern market economy and the modern
> nation-state should be understood not as discrete elements, but as the
> single human invention that he called the "market society." He sees its
> effects as overall deleterious, and - while approving of the existence
> of markets within a society - excoriates the transformation of the
> society into a market.
>
> Today the most our current advanced thinkers - like Hutton - seem to be
> able to do is to advise that we ameliorate its effects. --CGE
Um, isn't that basically the same as Polyani's politics? Social market economics a la the Freiburg school?
Michael