The Power of Market Fundamentalism: Karl Polanyi’s Critique

What is it about free-market ideas that gives them staying power in the face of such failures as persistent unemployment, widening inequality, and financial crises?

In our book, The Power of Market Fundamentalism, co-author Margaret R. Somers and I extend economist Karl Polanyi’s work to explain why these dangerous utopian ideas have become the dominant economic ideology of our time.