Published
June 30, 2012
Keywords
- Polanyi, Political Economy, Subsistence Farming, Globalization
How to Cite
Fuller, F. (2012). Ideas on polanyi’s markets. Journal of Management and Science, 2(2), 73-80. https://doi.org/10.26524/jms.2012.9
Abstract
What makes a market society one that is more beneficial than a society that is stateregulated? Is the world market truly leading towards these types of changes? Prosperity comes from greater interaction between states and markets. Firms drive needs for global trade, but society within states promotes market changes. Some regulation of markets is desirable, while free markets must have some enforcement mechanism of rules to address inequalities and alleviate some of the side-effects of market transition.
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