The paper proposes an interpretation of Polanyi's Great Transformation based on a distinction between two meanings contained in the concept of the embedded economy (and its opposite - the disembedded economy). Polanyi's thesis that the market economy is a disembedded economy in fact comprises...

I argue that in its adaptation from Karl Polanyi's The Great Transformation, the concept of embeddedness has itself undergone a great transformation. In the process, significant meanings of the concept have vanished, while others have been added. First I explore the different meanings the...

Karl Polanyi es poco conocido entre los economistas, aunque sea muy influyente en otras disciplinas, el derrumbamiento de los regímenes de Europa Oriental ha renovado el interés en sus trabajos ante todo entre quienes sin justificar la ineficiencia económica de los regímenes totalitarios,...