Polanyi's view suggests that market-based societies in modern Europe are..?
Historically contingent
Inevitable
Declining
Expanding
Answer
The answer is: Historically contingent. This means that market-based societies in modern Europe are not inevitable and that there are other possible ways of organizing society. Polanyi's view is that these market-based societies are the result of a specific set of historical circumstances, and that they could be replaced by other forms of society if the circumstances were different.
The Karl Polanyi Trivia Challenge: Unearth the Legacy of an Extraordinary Economist
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