Economic problem and non-market principles of economic organization
Economic problem and non-market principles of economic organization
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essay question: The dominant view identifies 'economics' with markets,money and exchange. How does Heilbroner's concept of the 'economic problems' goes against this view? Explore the different aspects of this issue and explain the 'traditional' solution using Polanyi's non-market principles of economic organization
Sources: Robert Heilbroner 21st Century Capitalism
Polanyi's great transformation chapter 4,6