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Polanyi's paradox, named in honour of the British-Hungarian philosopher Michael Polanyi, is the theory that human knowledge of how the world functions and of our own capability are, to a large extent, beyond our explicit understanding.
Karl Paul Polanyi (/ p oʊ ˈ l æ n j i /; Hungarian: Polányi Károly [ˈpolaːɲi ˈkaːroj]; 25 October 1886 – 23 April 1964) [1] was an Austro-Hungarian economic anthropologist, economic sociologist, and politician, [2] best known for his book The Great Transformation, which questions the conceptual validity of self-regulating markets.
Michael Polanyi FRS [1] (/ p oʊ ˈ l æ n j i / poh-LAN-yee; Hungarian: Polányi Mihály; 11 March 1891 – 22 February 1976) was a Hungarian-British [2] polymath, who made important theoretical contributions to physical chemistry, economics, and philosophy.
This list includes well known paradoxes, grouped thematically. The grouping is approximate, as paradoxes may fit into more than one category. ... Polanyi's paradox ...
Pages in category "Philosophical paradoxes" The following 19 pages are in this category, out of 19 total. ... Paradox of nihilism; Polanyi's paradox; Problem of evil; S.
Polanyi's ideas were widely adopted and discussed in anthropology in what has been called the formalist–substantivist debate. [1] Subsequently, the term "embeddedness" was further developed by economic sociologist Mark Granovetter , who argued that even in market societies, economic activity is not as disembedded from society as economic ...
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Mark Blyth's 2002 book Great Transformations is strongly influenced by Polanyi's work, in particular the notion of the double movement as the motor behind institutional change. [ 1 ] Torben Iversen and David Soskice have argued that social protection and markets go hand-in-hand, as the former resolves market failures .