Between Aristotle and the Welfare State: The Establishment, Enforcement, and Transformation of the Moral Economy in Karl Polanyi's The Great Transformation

The article examines the transformation of the moral economy in the book "The Great Transformation," by Karl Polyani. Polyani's work has been criticized for having an anti-democratic, Aristotelian, and aristocratic undertones. However, the author claimed that it has been misinterpreted and a communitarian-liberal debate has been brought to clarify the nature of moral economy.