Introduction -- The Basic Assumptions of Traditional Economics -- An Initial Interim Conclusion -- A Discourse Analytical Examination of Some Fundamental Assumptions and Concepts in Economics -- A Second Interim Conclusion -- Summary and Outlook -- Conclusion and Outlook.

The interesting approach offered with Polanyi’s insights can deal with current global macroeconomic challenges. Economic policy must be subordinated to broader social objectives. It can be used to give solutions to societal problems – including the consequences of the financial crisis in...