Restricting environmental damage resulting from economic activities: a Polanyian analysis

Economic activities continue to cause considerable environmental damage. The extent of damage could be such that the environment in and around our planet will affected, making survival difficult for human beings, other animals, plants insects. paper reviews economic developments from nineteenth century how these have been influenced by orthodox theories. Markets are central economics, policies which implemented recently restrict global warming. Since 1980s, based on economics neoliberalism widely governments, also international organizations. Such evaluated found seriously inadequate. Studies implications development two major sectors world economy follow. Policies concerned only restrain climate change unlikely adequate themselves. take a holistic approach considering all important impacts activity greater prospects success. concludes suggesting research analysis undertaken urgently assist with design implementation more effective reduce caused activities.