Karl Polanyi argued that regulations by people and not "self-regulation" allowed markets to properly function.

Name: Karl Polanyi argued that regulations by people and not "self-regulation" allowed markets to properly function.
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Quizplus · Accepted Answer

Karl Polanyi argued that markets should be regulated by people in order to prevent them from exploiting workers and destroying the environment. He believed that relying on the "self-regulation" of markets would lead to disastrous consequences for society.

Karl Polanyi Argued That Regulations by People and Not "Self-Regulation