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- Title
Embedded markets: A dialogue between F.A. Hayek and Karl Polanyi.
- Authors
Migone, Andrea
- Abstract
The recent economic crisis has once more underscored the close connection between markets and social life, thrusting this point at the centre of the analysis of economic and political activity and has once more asked the question of whether and how individuals are embedded in both. Here I argue that an analysis and partial reconciliation of the positions of F.A. Hayek and Karl Polanyi on the topic can help in this debate.
- Subjects
MARKETS &; society; POLANYI, Karl, 1886-1964; HAYEK, Friedrich A. von (Friedrich August), 1899-1992; FINANCIAL crises; SOCIAL interaction; SOCIOECONOMICS
- Publication
Review of Austrian Economics, 2011, Vol 24, Issue 4, p355
- ISSN
0889-3047
- Publication type
Article
- DOI
10.1007/s11138-011-0148-2