The opposition between substantivist and formalist economic models was first proposed by Karl Polanyi in his work The Great Transformation.
Non-market subsistence farming in New Mexico: household provisioning or 'economic' activity?
The Great Transformation is a book by Karl Polanyi, a Hungarian political economist. First published in 1944 by Farrar & Rinehart, it deals with the social and political upheavals that took place in E
Formalist–substantivist debate
…The opposition between substantivist and formalist economic models was first proposed by Karl Polanyi in his work The Great Transformation (1944). Polanyi argued that the term economics has two meanings: the formal meaning refers to economics as the logic of rational action and decision-making…
First UK edition (publ. Victor Gollancz, 1945)