What is the methodology of Polanyi’s substantivism?
Emphasizes way economies are embedded in society and culture
Focuses on individual financial gain
Highlights capitalist enterprise
Underlines the significance of political institutions
Answer
The methodology of Polanyi’s substantivism emphasizes the way economies are embedded in society and culture. This means that economies are not separate entities that can be studied in isolation from the rest of society, but rather are part of a complex web of social and cultural relationships.
The Karl Polanyi Trivia Challenge: Unearth the Legacy of an Extraordinary Economist
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