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Political / Social
The concept of fictitious commodities originated in Karl Polanyi's 1944 book The Great Transformation (book) and refers to those things treated as market commodities which are not created for the market, specifically, land, labor, and money. For Polanyi, the effort by classical liberals to make society subject to the free market was a utopian project and, as Polanyi scholars Fred Block and Margaret Somers say, "When these public goods and social necessities (what Polanyi calls “fictitious commodities”) are treated as if they are commodities produced for sale on the market, rather than protected rights, our social world is endangered and major crises will ensue."
Lead, Germanium, Periodic table, Indium, Antimony
Institute of Electrical and Electronics Engineers, Data warehouse, Genomes OnLine Database, Global-scale Observations of the Limb and Disk, GOLD (parser)
United Kingdom, Property law, Real property, Common law, United States
Tea, Copper, Wheat, Coal, Adam Smith
Commodity, BetaShares, Commodity value, Delaware Depository, Diamonds as an investment
United Nations, Human capital, Factor of production, Human resources, Human being
India, Game theory, Real estate, Mumbai, Intellectual property
Hanover, Leipzig, Economics, Germany, University of Göttingen