The economy as an instituted process of interaction serving the satisfaction of material wants forms a vital part of every human community. Without an economy in this sense, no society could exist for any length of time. (Karl Polanyi)

The economy as an instituted process of interaction serving the satisfaction of material wants forms a vital part of every human community. Without an economy in this sense, no society could exist for any length of time.

Karl Polanyi

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community economy human interaction length material process satisfaction sense serving society time vital

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