Karl Polanyi on the peculiarities of the traditional society economy

Abstract

The paper analyses specifics the traditional society economy in comprehension by Karl Polanyi are analysed. The features of the traditional society in the context of economic anthropology are revealed. Primary attention is paid to the philosophical and economic views of Aristotle on the organization of the ancient Greek policy. Issues related to the relationship between contract and status, quantitative and qualitative approach in the economy, traditional and market exchange, society and community are also considered. The phenomenon of a fair price is analysed.

Keywords

• karl polanyi
• traditional society
• economics of traditionalism
• status
• exchange
• fair price