"The market institution has its origin in two different sets of developments: the one external to the community, the other internal. The external is intimately linked with the acquisition of goods from outside, the internal with the local distribution of food. This latter took two very different forms: the first was general in the irrigational empires and centered on storing and distributing staples; the second is to be found from the earliest times in peasant and bush communities, and focused on the local sale of fresh victuals and prepared food. These varied sources of origin contributed different constituent elements to the institution of the market."
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Historians from the United StatesImmigrants to the United StatesAnthropologists from the United StatesSociologists from the United StatesEconomists from Hungary
Original Language: English
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Ch. 10 : Market Elements and Market Origins
https://en.wikiquote.org/wiki/Karl_Polanyi
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Karl Polanyi
Karl Paul Polanyi (October 25, 1886 – April 23, 1964) was a Hungarian-American economic historian, economic anthropologist, political economist, historical sociologist and social philosopher.
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