Abstract

The paper, on the basis of Karl Polanyi’s account, attempts at developing an analytical framework which argues that social relations associated with different institutional patterns may function to facilitate market-type relationships, a fact which is considered to be useful to understand development process. The basic argument of the paper is that different types of social relations or institutions can serve as “substitution patterns” in the advancement of the economic development, as in the case of Alexander Gerschenkron’s “degree of relative backwardness” approach. However, it is also argued in the paper that while communal social relations and institutions may provide a more “humane” environment for the development process, the fact that these relations and institutions have to operate within a market setting makes their role to affirm “humanity” necessarily limited and distorted.

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