By Steven Pressman (eds.)
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Additional info for Alternative Theories of the State
1971: 365). Polanyi referred to the "economistic transformation" to designate the elevation of the market economy to universal status. Without this naturalization of commercial activity it is unlikely that history would have witnessed the intentional creation of a competitive market economy, the regulation of which is to be left to its own internal devices. This transformation, in its blindness to the delicate interaction between economy and society, disembedded the economy and literally imperiled society itself.
This contrasts with the usual notions that the market arose from spontaneous social order and has been eroded by a leftward ideological drift, guided perhaps by a "German ideology" (Hayek, 1944). The second additional point reinforces the first. The protective response is by no means limited to action through the state apparata. The attempted default of the state on the vital area of protecting the social basis of the lives of its members, left this protective function to organizational measures of the populace, in and out of government.
It is also difficult to maintain professional standards and tradition or moral communities under such occupational flux. The wider identification and self-authentication functions of the work process beyond mere utilitarian production of output and earning an income are mangled. e. the natural environment. The economic function is but one of many vital functions of land. It invests man's life with stability; it is the site of his habitation; it is a condition of his physical safety; it is the landscape and the seasons.
Alternative Theories of the State by Steven Pressman (eds.)