Thread by @battleforeurope: "Fred Block’s intro to Karl Polanyi’s “The Great Transformation” should be read at least a few times a day. Threaformation provides the most powerful critique yet produced of market liberalism—the belief that both national […]"https://threadreaderapp.com/thread/1149025467917320200.html …
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This tells us that ”sound finance” approach failed the test and ”functional finance” took over, as Polanyi wrote, ”in all important” economies
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