“Silence will save me from being wrong (and foolish), but it will also deprive me of the possibility of being right.” -- Igor Stravinsky
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