“Let me be represented as one who trusts his senses, who thinks he knows the things he sees and feels, and entertains no doubts of their existence.” -- Bishop Berkeley
Thursday, April 08, 2010
Is Polanyi Correct?
"Previously to our time no economy has ever existed that, even in principle, was controlled by markets... The the institution of the market was fairly common since the later Stone Age, its role was no more than incidental to economic life." -- K. Polanyi, The Great Transformation