“Our thesis is that the idea of a self-adjusting market implied a stark utopia. Such an institution could not exist for any length of time without annihilating the human and natural substance of society; it would have physically destroyed man and transformed his surroundings into a wilderness.”
Quote by Karl Polanyi
Work
The Great Transformation
This seminal work delves into the profound shifts in economic systems and societal structures that occurred at the turn of the 20th century, analyzing the impact of industrialization, urbanization, and the rise of new economic theories. more
Author
Karl Polanyi
Karl Polanyi was a prominent economic historian, born on October 25, 1886, and died on April 23, 1964. His research focused on the relationship between economy and society, profoundly influencing the understanding of the nature and impact of the market economy. more
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Source: The Great Transformation
“Nature, after all, is not so poor that she requires constant improvement”
Source: Albert Renger-Patzsch: joy before the object
“Nature educates us into beauty and inwardness and is a source of the most noble pleasure.”