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Karl Polanyi

Karl Polanyi

October 25, 1886 – April 23, 1964

This author challenges traditional economic thought, exploring how economies are embedded in society and culture. His work argues that the emergence of market-based societies was not inevitable but historically contingent. The author's approach to economics, emphasizing its cultural embeddedness, has found application across various social sciences. His theories have become a foundation for the economic democracy movement.