Tag Archives: polanyi

Socially Embedding the Market and the Role of Law

Professor Margaret Somers is a Professor of Sociology at the University of Michigan and a renowned expert on the work of Karl Polanyi. She is highly regarded for her writing on a nascent sociology of human rights and its links … Continue reading

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The Methodology of Polanyi’s Great Transformation

Polanyi’s book on The Great Transformation provides an analysis of the emergence and significance of capitalist economic structures which differs radically from those currently universally taught in economic textbooks. This analysis is based on a methodological approach which is also … Continue reading

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Karl Polanyi : prophète de la fin de l’économie libérale

Karl Polanyi, écrivain et professeur d’origine hongroise, a vécu en Europe centrale et en Grande-Bretagne avant d’émigrer aux Etats-Unis durant la Deuxième Guerre mondiale. Il est l’auteur d’une critique brillante et puissante de la tendance libérale à placer le marché … Continue reading

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Disembedded Markets as a Mirror of Society

In the Marxist tradition, capitalism is understood as a commodified society based on markets. The article argues that the ultimate justification of this position does not lie in any ‘materialistic’ approach, but in the disembedding of markets that was the … Continue reading

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Karl Polanyi – The Great Transformation: the Political and Economic Origins of our Time

In this classic work of economic history and social theory, Karl Polanyi analyzes the economic and social changes brought about by the “great transformation” of the Industrial Revolution. His analysis explains not only the deficiencies of the self-regulating market but … Continue reading

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Our Obsolete Market Mentality – Civilization Must Find a New Thought Pattern

Karl Polanyi: “The market mechanism moreover created the delusion of economic determinism as a general law for all human society.. To attempt to apply economic determinism to all human societies is little short of fantastic. Nothing is more obvious to … Continue reading

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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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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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