ABSTRACT
Disembedding of the market and the utopian liberal creed Karl Polanyi’s The Great Transformation, published in 1944, stands as an alternative history of the modern economy that many on the political left and right now accept.1 His understanding of the ‘always embedded market’ is not consistent with the dominant economic viewpoint.2 The following reconstructs Polanyi’s text as a seminal text worthy of careful interpretation.
