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Arrow has a discussion which bears on our Polanyi thread.  He would 
probably come down in the midpoint of our debates. I thought that the 
list might be interested in some of his references which reflect the 
fact that the participants at the time -- and a bit later -- thought 
that the extension of market society was a very novel event in human 
history. 
 
Arrow, Kenneth J. 1997. "Invaluable Goods." Journal of Economic 
Literature, 35: 2 (June): pp. 736-65. 
 
One more point: Some of the discussion (Tony Brewer, Larry Moss) 
emphasize the voluntary and spontaneous nature of the creation of 
markets.  My supposedly outdated marxist tendencies prompt me to mention 
that this extension also involved changing the rules and the exercise of 
force (say, the enclosures) 
 
-- 
Michael Perelman 
Economics Department 
California State University 
Chico, CA 95929 
 
Tel. 916-898-5321 
E-Mail [log in to unmask] 
 
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