Renewable Matter # 21 / May-June

What If Karl Polanyi Was Right?

Addressing societal needs with material circularity as-a-tool

by Alexandre Lemille

Instead of the economy being embedded in social relations, social relations are embedded in the economic system.

With this sentence, Karl Polanyi outlines the idea that, as of the early 1900s, society was forced to conform to the needs of the market mechanism instead of choosing the more logical approach of economics as an instrument for societal needs.

Karl Polanyi was a Austro-Hungarian economist in the mid-20th century who, to name just a few of his expertise, specialised in history,...

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