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Karl Polanyi
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About — Karl Polanyi
Karl Polanyi (1886–1964) was a Hungarian economic historian and social theorist best known for his critique of market liberalism. His seminal work, *The Great Transformation*, argues that unregulated markets undermine social cohesion, prompting governments to embed economies within social institutions. He famously illustrated this with the 19th‑century shift to laissez‑faire capitalism in Britain.