From Paul Medow (26 January 1960)

From Karl Polanyi
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[29] Dear Polanyi,

These are the chapters that should be written. They could be quite short. […]

SUMMARY

PART I: A GENERAL CONCEPT OF THE ECONOMY

1. The need for a general concept of the economy

[30] There is, first of all, a need for a general concept of the economy: the “formal” concept is not suitable for providing answers to a number of vital questions economies, and the Marxist concept has similar shortcomings.

[…]

2. The alternative basis: Menger's general concept of the economy

Menger sought to develop a general concept of the economic process. He approached this through the analysis of the relationships of complementary …

Letter Information

Reference:
KPA: 51/02, 29-40

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