The iron law of democratic socialism : British and Austrian influences on the young

@inproceedings{Polanyi2015TheIL,
  title={The iron law of democratic socialism : British and Austrian influences on the young},
  author={Karl Polanyi},
  year={2015}
}
  • Karl Polanyi
  • Published 2015
A central thesis of Karl Polanyi’s The great transformation concerns the tensions between capitalism and democracy: the former embodies the principle of inequality, while democracy represents that of equality. This paper explores the intellectual heritage of this thesis, in the ‘functional theory’ of G.D.H. Cole and Otto Bauer and in the writings of Eduard… CONTINUE READING