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From Menger to Polanyi: The Institutional Way

In: Austrian Economics in Transition

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  • Michele Cangiani

Abstract

The crisis of the institutions of liberal capitalism dates back to the last decades of the nineteenth century. Economics was thenceforth forced to radically reconsider its achievements and even its basic presuppositions, to the extent that they were linked to a free-market and perfect-competition model.

Suggested Citation

  • Michele Cangiani, 2010. "From Menger to Polanyi: The Institutional Way," Palgrave Macmillan Books, in: Harald Hagemann & Tamotsu Nishizawa & Yukihiro Ikeda (ed.), Austrian Economics in Transition, chapter 7, pages 138-153, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-28161-5_7
    DOI: 10.1057/9780230281615_7
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