The Economy as Instituted Process

By K. Polanyi. 2018

617 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Turning Lead into Gold: How Do Entrepreneurs Mobilize Resources to Exploit Opportunities? (2018, positive): “…are available to mitigate the risk of opportunistic behavior, where formal refers to both formal contracts and formal authority (March & Simon, 1958; Williamson, 1985); informal refers to relational arrangements built on trust, identity, and reciprocity (Bradach & Eccles, 1989; Polanyi, 1957).”
The Dynamics of Political Embeddedness in China* (2017, neutral): “Therefore any analysis of economic action must consider the impact of social factors, such as social networks, that shape the allocation and valuation of resources (Polanyi, 1944, 1957; Granovetter, 1985).”
Varieties of academic capitalism and entrepreneurial universities (2017, background): “For Polanyi (1982), the economistic fallacy leads observers to describe all economies in terms of categories that are, in fact, unique to the (capitalist) market economy.”
Coming Full Circle: Why Social and Institutional Dimensions Matter for the Circular Economy (2017, background): “Whereas one definition of reciprocity lies in a dual exchange between giving, receiving, and an obligation to give in return, between two parties, the notion of solidarity expands that of reciprocity to include exchanges across and between different parties (Polanyi 1957).”