Karl Polanyi Argued That Regulations by People and Not "Self-Regulation

question 16

True/False

Karl Polanyi argued that regulations by people and not "self-regulation" allowed markets to properly function.

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Definitions:

Aversive Therapy

A form of behavioral therapy that involves using unpleasant stimuli to reduce or eliminate undesirable behavior.

Reinforcement

In behavioral psychology, it refers to any stimulus which strengthens or increases the probability of a specific response.

Unpleasant Stimulus

A stimulus that is generally undesirable or disagreeable to an individual, often leading to avoidance behavior.

Punishment

Any event or object that, when following a response, makes that response less likely to happen again.