The Two Meanings of “Economic”

From Karl Polanyi
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General Economic History
Winter Session, 1948
No. 1

The two meanings of "economics".
Substantive and formal meanings.

The central term which we must attempt to clarify is the term "economic".

The common usage derives from two different meanings with independent roots. One only of these two meanings is admissible in the study of general economic history.

Documents Informations

Date: Winter 1948
KPA: 31/04, 9-12