Roberto Mangabeira Unger identified three bodies of animating ideas needed to search for alternative institutional forms to better actualize one‟s ideals: a credible theory of social transformation, a conception of the ideal, and a conception of the properrelation of law to society. (1983). Karl Polanyi‟s doublemovement and notion of embeddedness certainly are a part of the core dynamic of social change. His socialism, be it Christian or Owenite, is an ideal. As regards the relationship between law and society, it seems reasonable to conclude that Polanyi sees legal rules and doctrines as defining the basic institutional arrangements of society. Thus his The Great Transformation can be read as a template for the search for alternative institutional forms to the current operations of the global market, and of democracy.