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Friday, April 20, 2018
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Where Does the Market Come From?
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Where Does the Market Come From?

Why the Controversy Between Polanyi's "Substantivists" and the "Formalist" Neoclassical Protagonists of a Universal Market Was Never Resolved

18 pages · 3.10 EUR
(May 2008)

 
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Summary:

Gunnar Heinsohn gives an account of the controversy between the "substantivist" Polanyi school and the "formalist" neoclassical protagonists of an eternal and universal market prevailing in economic anthropology. While the "substantivists" were on the right track in demonstrating that the market and the underlying assumption of the homo oeconomicus cannot be found in all forms of human organisations, they could not identify the societal structure that makes market exchange effective: the institution of property.


quotable essay from ...
Property Economics
Otto Steiger (ed.):
Property Economics
the author
Prof. Dr. Dr. Gunnar Heinsohn
Gunnar Heinsohn

leitet an der Universität Bremen das Phaphael-Lemkin-Institut für Xenophobie- und Genozide-Forschung. Arbeitsschwerpunkte: Geschichte und Theorie der Zivilisation. Mitherausgeber der chronologiekritischen Zeitschrift Frühzeit, Vorzeit, Gegenwart (seit 1995: Zeitensprünge).

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