 A vague, but nonetheless helpful distinction is drawn by Polanyi between “market economies” and “market societies”. The latter are societies where “instead of the economy being embedded in social relations, social relations are embedded in the economy” (Polanyi 1944, 57, see also Cunningham 2005). Many arguments about the value of markets have to do with their impact on the character of a society as a whole and with the questions of where, when, and how one should limit the influence of markets. In Polanyi’s terms, this is the question of whether a “market economy” can and should remain a “market economy”, or whether it does or should lead to a “market society”.