Of all the basic principles governing the development of early economic institutions, the need for the maintenance of communal solidarity deserves pr… - Karl Polanyi

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Of all the basic principles governing the development of early economic institutions, the need for the maintenance of communal solidarity deserves pride of place. Domestic and foreign relations are in stark contrast: solidarity here, enmity there, rule the day. "They" are the objects of hostility, depradation, and enslavement, "we" belong together and our communal life is governed by the principles of reciprocity, redistribution, and the exchange of equivalents.

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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 Karoly Pollacsek Karl Paul Polanyi Polanyi Karoly
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Additional quotes by Karl Polanyi

Poverty was nature surviving in society; that the limitedness of food and the unlimitedness of men had come to an issue just when the promise of boundless increase of wealth burst in upon us made the irony only the more bitter.

As such dissatisfactions intensify, social order becomes more problematic and the danger increases that political leaders will seek to divert discontent by scapegoating internal or external enemies. This is how the utopian vision of neoliberals leads not to peace but to intensified conflict.

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