How did it become “possible to imagine the economy as a self-contained sphere

How did it become “possible to imagine the economy as a self-contained sphere, distinct from the social, the cultural, and other spheres” (Mitchell, 1998, p. 91)? What are the implications of this conception of the economy as an object rather than as a process?
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Responses should be no more than 500 words, not including references.
Optional podcast: https://www.wnycstudios.org/podcasts/otm/segments/what-does-it-mean-reopen-economy-on-the-media
(use and cite some of the sources attached in files) (look at slides attached in files for definition of topics)
Regarding your use of sources: use whatever sources you need to answer the question fully and effectively. Prioritize knowing assigned and optional readings from the course well over bringing in lots of new sources. Use new/outside sources as needed to strengthen arguments or incorporate examples: you should make the significance of outside sources clear in your response.
Please incorporate references into your responses as follows:
In the text:
Anytime you are drawing on an idea from assigned or outside reading, put the author’s name and year of the publication in parentheses at the end of the sentence, e.g. “Treating land, labor, and money as commodities has destructive social consequences that trigger countermovements to protect society from the market (Polanyi, 1944).
Anytime you are directly quoting a text, be sure to use quotation marks and put the author’s name and year of the publication in parentheses at the end of the sentence, e.g. Before market liberalism emerged in 19th century liberalism, “never were…markets more than accessories of economic life. As a rule, the economic system was absorbed in the social system” (Polanyi, 1944, p. 71). If it’s a digital source, just omit the page number.
At the end of your response:
Make a reference list.
For academic sources, the easiest way is to go to Google Scholar, look up the source, click the “cite” button below it, and copy/paste the Harvard or APA formatted citation.
For digital/non academic sources, adapt the APA or Harvard format.
Don’t stress about the reference list too much; make a good faith effort to use either APA or Harvard format
Rubric
Grading criteria
See criteria for excellent, good, acceptable, and below standard responses
3 pts
Excellent
Fully answers the question; Adheres to other guidelines (such as word limit); Draws on a range of relevant course materials (e.g. assigned readings, podcasts, or videos) and outside sources as appropriate, and; Demonstrates close, critical engagement with, and strong understanding of, course material
2 pts
Good
Fully answers or attempts to fully answer the question; Adheres to other guidelines (such as word limit); Draws on relevant course materials (e.g. assigned readings, podcasts, or videos), and; Demonstrates engagement with, and good understanding of, course material
1 pts
Acceptable
Attempts to fully answer the question, but may miss some key aspect; Mostly adheres to other guidelines (such as word limit) Draws on some relevant course materials (e.g. assigned readings, podcasts, or videos), and; Demonstrates engagement with course material but may exhibit some limited understanding or misunderstanding
0 pts
Below standard
No response submitted or response submitted late; Response fails to respond to the question or is generally poor quality, or does not adhere to basic guidelines (e.g. grossly over word limit)

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