January 23 – Societies and Economic Systems

Hello everyone, I hope you are having a great start to the week. Here is the plan for class.

1 – Introduction and check-in

2 – Reminder about student-led seminars

3 – Discussion about The Great Transformation

  • Summarize the chapters
  • What does Polanyi say about the development of markets? 
  • What does Polanyi say about reciprocity, redistribution and households?
  • What does Polanyi say about autocracy, centrality and symmetry? 
  • What does Polanyi say about the development of market patterns?
  • What does Polanyi say about the development of local and international trade in creating market societies?
  • What are fictitious commodities? Why are these commodities fictitious?  
  • Can markets self-regulate?
  • What does Polanyi say about classical economists? 

4 – Discussion about value

Questions