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Economist Karl Polanyi explored the tension between maintaining a free market which produces wealth and regulating the market to reduce the social and natural damage

Economist Karl Polanyi explored the tension between maintaining a free market which produces wealth and regulating the market to reduce the social and natural damage it can create. Polanyi suggested that if the market operated without any regulations, it would eventually destroy society. It would disrupt social relations though the labor market, the environment through use of resources, and eventually reduce freedom. True False

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