The Embedded Market and Ideology Critique

The article examines the ideology critical potentials of the concept of the embedded market, made famous by philosopher and economic historian Karl Polanyi. It explores several readings of this concept and assesses their ability to revive critical powers of sociology. It discusses the book "The New Spirit of Capitalism," by Luc Boltanski and Eve Chiapello, as a specific take on such an idea. It also offers a re-examination of Polanyi's interpretations of the embedded markets thesis.