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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.
In effect, Polanyi argues that once the free market attempts to separate itself from the fabric of society, social protectionism is society's natural response, which he calls the "double movement." Polanyi did not see economics as a subject closed off from other fields of enquiry, indeed he saw economic and social problems as inherently linked.
Love your life, perfect your life, beautify all things in your life. Seek to make your life long and its purpose in the service of your people. Prepare a noble death song for the day when you go over the great divide." [citation needed] — Tecumseh, leader of the Shawnee (10 September 1813), to his son Death of Poniatowski by January Suchodolski
— Monime, wife of Mithridates VI (72/71 BCE), after failing to hang herself by her crown's strings in fulfillment of her death sentence "I am free and the subject of a free state." [28] — Dumnorix, Gallic chieftain, (c. 54 BCE), before being killed by Roman cavalry. The assassination of Pompey.
When I got to death row, I substituted drugs and alcohol for happiness and positive relationships. I am so grateful to the guys on the row who took the time to teach me how to read and write. They changed my life forever because their love and support allowed me to have pen pals and friends all over the world.
— Wilhelm II, the last German Emperor (4 June 1941), dying of a pulmonary embolism at Huis Doorn "My love of God is greater than my fear of death." [181] [182] — Cecil Pugh, GC, MA, Congregational Church minister (5 July 1941), asking to be lowered into the hold of the sinking SS Anselm, where injured airmen were trapped. Pugh then prayed ...
The Marines were in a gully, taking intense fire from an adobe-walled farm compound, and unable to advance or retreat. As a last resort, Joseph was directed to fire a rocket into the house. And from the smoke and rubble came the dying, dragging the dead: the women and children the Taliban had herded into the compound.
Polanyi backed up Marx's assertion that it is more influential in pursuing interests when people have a common ideology rather than an individual goal. If it was not for the argument about commonly shared interests among social actors in a self-regulating market, the movement of laissez-faire would not have such a big impact on the global economy.