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Naomi Klein's The Shock Doctrine offers a weak analysis of ‘neoliberalism’ linked to a defeatist ideology. If we wish to move beyond the global economic crisis, we should borrow ideas from Mauss, Polanyi and Keynes; but the political level for an appropriate response is not obvious.
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The world economic crisis should be seen as an episode in the history of money. “National capitalism” was the main way of organizing money in the twentieth century and its symbol was national monopoly currency. This system has been unravelling since the US dollar de-pegged from gold in 1971. The result is a disconnect between politics which are still largely national and the money circuit which is decentralized and global. The work of Georg Simmel and Karl Polanyi is enrolled to explain this...
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Karl Polanyi's 1944 book, The Great Transformation, offered a radical critique of how the market system has affected society and humanity since the industrial revolution. This volume brings together contributions from distinguished scholars in economic anthropology, sociology and political economy to consider Polanyi's theories in the light of circumstances today, when the relationship between market and society has again become a focus of intense political and scientific debate. It...
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This book is a new introduction to the history and practice of economic anthropology by two leading authors in the field. They show that anthropologists have contributed to understanding the three great questions of modern economic history: development, socialism and one-world capitalism. In doing so, they connect economic anthropology to its roots in Western philosophy, social theory and world history. Up to the Second World War anthropologists tried and failed to interest economists in...
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This editorial considers the opportunities opened up for anthropologists by the financial crisis of 2008. The chief of these is the exposure of cracks in the intellectual hegemony of free-market economics which contributed to an unnecessarily defensive posture on the part of most anthropologists during the period of neoliberal globalization. The authors claim that anthropology can bridge the gap between everyday life and the world at large by combining the study of ideas and social actions....
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We review here recent developments in the anthropology of money and finance, listing its achievements, shortcomings, and prospects, while referring back to the discipline's founders a century ago. We take our departure from the work of Marcel Mauss and Karl Polanyi, both of whom combined openness to ethnographic research with a vision of world history as a whole. Since the 1960s, anthropologists have tended to restrict themselves to niche fields and marginal debates. The anthropological...
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KM: We want to bring to the attention of English readers some currents of economic theory and practice that have flourished in non-Anglophone countries over the last two decades, particularly in France, Brazil, Hispanic America and Scandinavia. To these we have added significant work by English-speaking authors that was sidelined during neoliberalism’s heyday and deserves to find a wider audience now. We have brought these strands of new thinking together under the umbrella concept of ‘the...
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