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Karl Polanyi
(1886-1964)
Economist, philosopher and historian
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Karl Paul Polanyi (Hungarian: Polányi Károly October 25, 1886 – April 23, 1964) was an Austro-Hungarian economic historian, economic anthropologist, economic sociologist, political economist, historical sociologist and social philosopher. He is known for his opposition to traditional economic thought and for his book The Great Transformation, which argued that the emergence of market-based societies in modern Europe was not inevitable but historically contingent. Polanyi is remembered best as the originator of substantivism, a cultural version of economics, which emphasizes the way economies are embedded in society and culture. This opinion is counter to mainstream economics but is popular in anthropology, economic history, economic sociology and political science.

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Born
25 October 1886
Vienna, Austria-Hungary
Died
23 April 1964 (aged 77)
Pickering, Ontario, Canada
Zodiac Scorpio
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