Category Archives: Polanyi

The Power of Market Fundamentalism – Karl Polanyi’s Critique

What is it about free-market ideas that give them tenacious staying power in the face of such manifest failures as persistent unemployment, widening inequality, and the severe financial crises that have stressed Western economies over the past forty years? Fred … Continue reading

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The Relationship between Economics and Sociology – The Problem of Embeddedness

This essay aims to analyse the most recent acquisitions in economic sociology, setting out from the problem of embeddedness. Firstly, the contribution offered by Mark Granovetter shall be illustrated, demonstrating how the interpretation proposed by this scholar is concentrated on … Continue reading

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Polanyi’s Double Movement and the Reconstruction of Critical Theory

This essay will attempt to develop a theoretical reconstruction of Polanyi’s double movement concept – showing the theoretical foundations on which it rests and arguing that this reconstructed theory of the double movement has the potential to be an important … Continue reading

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Institutions, Politics and Culture – a Polanyian Perspective on Economic Change

Karl Polanyi’s The Great Transformation is a powerful historical and moral critique of those great changes in societies that he sought to characterize and to explain in terms of the attempt to establish self-regulating markets. The notion of a ‘self-regulating … Continue reading

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Going Global – The Transnational Politics of the Dalit Movement

This article analyses the involvement of the Dalits (formerly ‘untouchables’) in the World Social Forum (WSF) processes. The focus will be on one networked organization in particular, the National Campaign for Dalit Human Rights (NCDHR) as a key organization which … Continue reading

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Globalization and Contestation: A Polanyian Problematic

The Polanyian problematic presents us with a unified, complex, and dialectical means to interpret globalization and its social contestation by diverse social and political forces. For Karl Polanyi, globalization as we know it would probably be conceived of as an … Continue reading

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Public sociology vs. the market

Building on Karl Polanyi’s theory of a societal reaction to the unregulated exchange of what he called fictitious commodities — labour, money and land — this paper links the history of sociology to the history of the market. If the … Continue reading

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Double movements and pendular forces – Polanyi perspectives on the neoliberal age

In the neoliberal era, Karl Polanyi’s notion of the ‘double movement’ has been widely deployed by social scientists as a critique of the prevailing order and a predictor of its demise. This article presents the double movement theorem, drawing upon … Continue reading

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Karl Polanyi: The Limits of the Market

Karl Polanyi’s The Great Transformation is generally acclaimed as being among the most influential works of economic history in the twentieth century, and remains as vital in the current historical conjuncture as it was in his own. In its critique … Continue reading

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