Skip to main content

Polanyi-ish: ‘Freedom from the Market’

Noted: “Karl Polanyi for President,” a 2016 article in Dissent that Konczal coauthored with Patrick Iber, is a useful companion piece to Freedom from the Market, and helps illuminate the intellectual genealogy of its arguments.

As Konczal and Iber explain, Polanyi’s most famous work, The Great Transformation (1944), is devoted in large part to a critique of the idea that the so-called “free market” is a precondition for, and guarantor of, freedom more generally. “Polanyi’s work dismantles this argument in two important ways,” they write, first by showing that “markets are planned everywhere they exist.”