About: It is with the help of the commodity concept that the mechanism of the market is geared to the various elements of industrial life. Commodities are here empirically defined as objects produced for sale on the market; […] . But labor, land, and money are obviously not commodities; the postulate that anything that is bought and sold must have been produced for sale is emphatically untrue in regard to them.       Sponge   NotDistinct   Permalink

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  • It is with the help of the commodity concept that the mechanism of the market is geared to the various elements of industrial life. Commodities are here empirically defined as objects produced for sale on the market; […] . But labor, land, and money are obviously not commodities; the postulate that anything that is bought and sold must have been produced for sale is emphatically untrue in regard to them. (en)
Bibliographic Citation
  • 1957 [1944], Karl Polanyi, chapter 6, in The Great Transformation, Beacon Press: Boston, page 72: (en)
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