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Polanyi, Utopian & Liberalism

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Please provides ideas/suggestions/discussion for the following questions:

1. Polany declares economic liberalism as utopian. Define "economic Liberalism" and "utopian".

2. Explain why Polanyi thinks economic Liberalism is utopian, and indicate what evidence Polanyi offers for this claim.

3. Critically evaluate Polanyi's claim. Is he right??

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Solution Summary

This solution defines "economic liberalism" and "Utopian." It identifies the evidence Polanyi offers for this claim and assists in critically evaluating Polanyi's claim that economic liberalism is Utopian, and whether or not he is right. Supplemented with an article on the topic.