106 | Karl Polanyi and the Critique of Market Society

In this episode, we discuss the work of brilliant heterodox economist Karl Polanyi. We talk about his criticisms of neoclassical orthodoxy, his arguments against the commodification of land, labor, and money, and his critique of the dominance of markets in theory and in practice. Put markets in their place and regulate the hell out of them! We also consider his influence on recent leftist economic thought, and talk through what’s at stake in the difference between Marxist and Polanyian approa...