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Polanyi, Braudel, and the King of Dahomey

Both Karl Polanyi's posthumously published book, Dahomey and the Slave Trade, and his Trade and Market in the Early Empires continue a project outlined in The Great Transformation, his best known work on “the political and economic origins of our time.” This project was to demonstrate the “exceptional” character of the market economy — an economic system controlled, regulated and directed exclusively by the market of goods and services, as well as by that of labor, land and money. The last chapter of The Great Transformation explains Polanyi's use of anthropological observations to supplement the usual methods used by economic historians.