Explain why and how these two visions of the market economy differed.

Classical Political Economists (CPEs) and Karl Polanyi have different views of the market mechanism. CPEs (Smith, Ricardo, Say), who wrote in the 18th and 19th century, generally envisioned a harmonious market mechanism that nevertheless had potential problems. Polanyi, who wrote in the 20th century, described more violent and unstable market forces that drove the Great Transformation in the economy. Explain why and how these two visions of the market economy differed. Stress the core theoretical contributions of each. Make sure to analyze some of the tension one can find in the CPE approach. Demonstrate good familiarity with the literature. (I have attached a few readings that will be helpful for this assignment. I can send more if they will help, just let me know.)