Paper Summary:

This paper will examine the emergence of the market society, the significance of the transformation and the characteristics of the market society. The essay will also examine how market society differs from the structure of previous social organizations as well as the changes in the workplace that this change has brought about. The economic rationality behind the market society will also be analyzed. This paper will argue that a market society is a society whose economy is controlled by the market that is an "economy directed by market prices and nothing but market prices" (Polanyi 43) and "order in the production and distribution of goods is entrusted to this self-regulatory mechanism" (Polanyi 68).

From the Paper:

The Market Society This paper will examine the emergence of the market society, the significance of the transformation and the characteristics of the market society. The essay will also examine how market society differs from the structure of previous social organizations as well as the changes in the workplace that this change has brought about. The economic rationality behind the market society will also be analyzed. This paper will argue that a market society is a society whose economy is controlled by the market that is an "economy directed by market prices and nothing but market prices" (Polanyi, 43) and "order in the production and distribution

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