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In the article, the author examines the social science theories of Fred Block, particularly on such topics as capitalism, finance, markets, and government. Other topics include Block's opinions on Polanyian socioeconomics, his thoughts on economic diversity and capitalist transformation, as well as the universalist model of capitalism as free-market globalism.
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The article discuss the characteristic of the current neoliberalism to understand it as a changeable and complex project whose economic and political sustainability is continuously reinvented and whose governance and spatiality is in need of being understood differently, if a viable alternative is to be constructed. Taking the recent neoliberal crisis as a point of departure, it discusses three main and interrelated aspects: firstly, the polymorphic characteristics of neoliberalism as a...
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The paper provides an introduction to a theme issue devoted to the influence—and the potential—of the work of Karl Polanyi in the field of economic geography. Polanyi has been an inspirational figure in the heterodox field of ‘socioeconomics’, where the inseparability of the economic and the social is taken to be axiomatic. He has also made recurrent appearances in economic geography since the early 1990s, as a progenitor of the ‘networks and embeddedness’ approach and in his role as a...
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Karl Polanyi has been an influential but also somewhat elusive figure in economic geography. Best known for his evocative notion of social embeddedness, it is perhaps fitting that Polanyi's presence has been more metaphorical than substantive. The paper asks what a more engaged Polanyian economic geography might look like. Focusing on methodological affinities, a response is developed in terms of a commitment to the substantivist (as opposed to formal) analysis of actually existing economic...
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This paper outlines a ‘substantivist’ approach to the regional economy of the Pilbara in Western Australia, inspired by a constructive reinterpretation of Karl Polanyi's methodological legacy. Beyond the metaphor of embeddedness, it makes the case for a more wide-ranging methodological engagement with Polanyi's brand of substantivist socioeconomics, in dialogue with the empirical investigation of actually existing and variegated socioeconomic formations. A Polanyian optic, amongst other...
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The ‘varieties of capitalism’ framework represents an influential methodological innovation in the field of comparative political economy. It seeks to account for enduring spatial variations in national economic performance by recourse to macroinstitutional analysis, drawing ideal-type distinctions between liberal market economies, modeled on USA, and coordinated market economies, modeled on Germany. Moving beyond critiques of varieties literature—for instance, its methodological...