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Sociology Optional PYQ Solutions · Model answer
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Karl Polanyi (The Great Transformation, 1944) argued that in pre-modern societies the economy was embedded in social relations and ran on reciprocity, redistribution and householding. The self-regulating market reversed this, embedding society in the economy and turning land, labour and money into "fictitious commodities". Its impact on traditional societies can be analysed across five linked…
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