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It could be recommended that the collective work of Polanyi took an approach that is diverse describing the idea of the “embeddedness” regarding the economy.

It could be recommended that the collective work of Polanyi took an approach that is diverse describing the idea of the “embeddedness” regarding the economy.

Regarding the one hand, in “The Livelihood of Man,” Polanyi provided an anthropological viewpoint in the problem to be able to show that an embedded economy just isn’t an alien concept.

He demonstrated that being embedded in social relations had been, in tribal communities, the normal status of every economic climate and that from which financial organizations later evolved (Polanyi 1977).