Ch. 12 : Birth of the Liberal Creed
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The road to the free market was opened and kept open by an enormous increase in continuous, centrally organized and controlled interventionism. To make Adam Smith's "simple and natural liberty" compatible with the needs of a human society was a most complicated affair.
— Karl Polanyi
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "The road to the free market was opened and kept open by an enormous increase in continuous, centrally organized and controlled interventionism. To make Adam Smith's "simple and natural liberty" compatible with the needs of a human society was a most complicated affair." in the context of "Ch. 12 : Birth of the Liberal Creed" to mean that wisdom is timeless.
Source: Wikiquote: "Karl Polanyi" (Quotes, The Great Transformation (1944))
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
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About Adam Smith
Adam Smith (16 June 1723 – 17 July 1790) was a Scottish-born economist and philosopher, widely considered the "father of modern economics".
About Adam Smith
Adam Smith (16 June 1723 – 17 July 1790) was a Scottish-born economist and philosopher, widely considered the "father of modern economics".
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