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The Power of Market Fundamentalism

Karl Polanyi's Critique

What is it about free-market ideas that gives them staying power in the face of such failures as persistent unemployment, widening inequality, and financial crises? The Power of Market Fundamentalism extends economist Karl Polanyi's work to explain why these dangerous utopian ideas have become the dominant economic ideology of our time.

Author Information


Fred Block is Research Professor of Sociology at the University of California, Davis.SomersMargaret R.:

Margaret R. Somers is Professor of Sociology and History at the University of Michigan.

Audience: Professional and scholarly;