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Socialism is, essentially, the tendency inherent in an industrial civilization to transcend the self-regulating market by consciously subordinating i… - Karl Polanyi
" "Socialism is, essentially, the tendency inherent in an industrial civilization to transcend the self-regulating market by consciously subordinating it to a democratic society. It is the solution natural to the industrial workers who see no reason why production should not be regulated directly and why markets should be more than a useful but subordinate trait in a free society. From the point of view of the community as a whole, socialism is merely the continuation of that endeavor to make society a distinctively human relationship of persons which in Western Europe was always associated with Christian traditions.
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About Karl Polanyi
Karl Paul Polanyi (October 25, 1886 – April 23, 1964) was a Hungarian-American economic historian, economic anthropologist, political economist, historical sociologist and social philosopher.
Biography information from Wikiquote
Also Known As
Native Name:
Polányi Károly
Alternative Names:
Károly Pollacsek
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Karoly Pollacsek
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Karl Paul Polanyi
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Polanyi Karoly
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Additional quotes by Karl Polanyi
Another feature of the reversal of the Speenhamland method was less obvious to most nineteenth-century writers, namely, that the wage system had to be made universal in the interest also of the wage-earners themselves, even though this meant depriving them of their legal claim to subsistence. The "right to live" had proved a death trap to them.
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one of the book’s enduring contributions — its focus on the institutions that regulate the global economy — was directly linked to Polanyi’s multiple exiles. His moves from Budapest to Vienna to England and then to the United States, combined with a deep sense of moral responsibility, made Polanyi a kind of world citizen.
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