What concept does Polanyi advance in his writings?
The Double Movement
The Fourfold Path
The Triple Alliance
The Single Action
Answer
Karl Polanyi was a 20th-century economist and social theorist who advanced the concept of the "double movement." The double movement refers to the tendency for free-market capitalism to generate a countermovement that seeks to protect society from the negative effects of the market. Polanyi argued that the free market is inherently unstable and that it will eventually generate a backlash that will undermine its own foundations.
The Karl Polanyi Trivia Challenge: Unearth the Legacy of an Extraordinary Economist
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