Karl Polanyi emphasizes the societal concerns of self-regulating markets through a concept known as a "double movement".

Another way of characterizing it is to describe its fundamental institutions, such as the sovereign state, the self-regulating market and the scientific method.

That is, generating a societal reaction to the 'dehumanizing' effects of the self-regulating market.

He focuses especially on the prospect of an international order requiring governance in the post-Washington Consensus environment, which values institution building rather than the self-regulating market.

The financial crisis put an end to the fairytale of self-regulating financial markets.

The banking crisis has also highlighted the collapse of the myth of the self-regulating market.

He argues that the construction of a 'self-regulating' market necessitates the separation of society into economic and political realms.

Polanyi does not deny that the self-regulating market has brought "unheard of material wealth", however he suggests that this is too narrow a focus.

In the 90s and early 2000's economists defended the idea of "self-regulating" markets and developed models to explain them.

There is no such thing as a "self-regulating" market.