Basing his argument on Speenhamland laws which were meant to help poor rural universe of discourse in England , through out door relief , he asserted that this was altogether a way of preserving historic social s and handed-down production systems . Social classes testament extend to exist and income disparities will widen . Polanyi did not support authoritative economist cl intents that market can ensure smoothen flow of the economy . capitalist economy encouraged social classes of the rich and poor . Capitalist aim was to accumulate dough through exchange transaction in the market . So it is market based ideology . consort to him this will results into social dislocation . He claimed that s! elf-importance set market separates golf club into political and economic realms . It is this tendency of self regulating market to separate itself from the society...If you want to get a full essay, roll it on our website: OrderEssay.net
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