Polanyi and the Instituted Processes of Markets: Introducing a Wellbeing Perspective
نویسنده
چکیده
The “institutional turn” (Evans 2007) is now dominant in development economics all be it originating in new institutionalism and opens up prospects for the deeper analysis of the nature and role of markets in development. This paper therefore seeks to expand the tools for the institutionalist analysis of existing markets by examining the usefulness of Polanyi’s concept and categorisation of the economy as an instituted process. The paper approaches this task within the wider context of emerging approaches to the analysis of wellbeing what it mean’s to live well as this concept is gaining ground in both developed and developing country contexts.
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