Not Free Emerging of the Free Market – “The Great Transformation ” by Karl Polanyi Cover Image
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Несвободното възникване на свободния пазар – “Великата трансформация” на Карл Полани
Not Free Emerging of the Free Market – “The Great Transformation ” by Karl Polanyi

Author(s): Teodor Sedlarski
Subject(s): Economy
Published by: Институт за икономически изследвания при Българска академия на науките
Keywords: JEL: A12; B25; P16; Z10

Summary/Abstract: An attempt was made to sum up the basic socio-economic issues in Karl Polanyi's book “The Great Transformation”, which is less known by the economists in our country. Suggesting an alternative to Marx's market economic analysis at the early stages of establishing and imposing the capitalist social system, this significant work of Polanyi questions at the same time a lot of the postulates of the modern liberal economic doctrines. The study highlights the formation of free market not as a natural process, based on natural human aptitudes, but on the contrary – as forcing a framework of rules, contrary to the traditional social organization of the people.

  • Issue Year: 2011
  • Issue No: 1
  • Page Range: 51-72
  • Page Count: 22
  • Language: Bulgarian