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Both the personnel and the motives of this singular body invested it with a status the roots of which were securely grounded in the private sphere of strictly commercial interest.
— Karl Polanyi
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Karl Polanyi
All Quotes by Karl Polanyi
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Market economy implies a self-regulating system of markets; in slightly more technical terms, it is an economy directed by market prices and nothing but market prices.
— Karl Polanyi
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The economic system is, in effect, a mere function of social organization.
— Karl Polanyi