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This paper turns Karl Polanyi's concept of the "double movement" back on Polanyi and his intellectual contemporary, Friedrich Hayek, as a means to insight into the structural conditions of counter-movement in the second half of the 20th Century. After elaborating on the double movement concept, I contrast the trajectory of Polanyi and his greatest work, The Great Transformation, with that of Friedrich Hayek and his contemporaneous Road to Serfdom--treating each as protagonists in the...
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In this paper I propose that role of law in Karl Polanyi's concept of the 'always embedded economy' (Block 2003) can be enriched by the application of the lens of community (Perry-Kessaris 2008) developed by Roger Cotterrell (1996-present). I begin with Polanyi's suggestion that economic action and interaction are always 'embedded' in wider social life. Reading through the lens of community, we can be more specific: any actor is at once engaged, to different degrees (from fleeting to...
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The dominant approach of CSR is based on the concept of "stakeholders" (R. E. Freeman). More than a theory, it is a slogan which irrigates as much the scientific discourse as the manager and political discourses. We can make two readings of this slogan. The first one, which is very reducing for us, consists on the deconstruction of the firm as institution and its replacement by a market representation based on bilateral exchanges between rational individuals. The second one, more promising...
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Sociologists have examined the ways in which capitalism contributes to environmental degradation as well as how, in selected circumstances, it increases efficiency while reducing pollution and human injustices. In this review, we draw on Polanyi's concept of the double movement to illustrate how self regulating markets give rise to environmental degradation and inequities and, in response, how these conditions often stimulate the emergence of collective action in pursuit of regulatory and...
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O ensaio aborda a importância da redescoberta do pensamento de Karl Polanyi e de sua crítica à "sociedade de mercado" na retomada dos estudos e debates sobre o desenvolvimento (rural). Após uma apresentação geral do quadro teórico e analítico de Polanyi, buscamos utilizar seus conceitos para interpretar a dinâmica da mercantilização dos meios de vida e das formas sociais de trabalho e produção no espaço rural, bem como dos sistemas agroalimentares no capitalismo contemporâneo. Com base...
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Karl Polanyi and Douglass North hold totally opposite views on the understanding of the industrial revolution.The former analyses the formation of market society within the framework of mutual benefit,reallocation and market analysis,while the latter is interested in the essential importance of transaction cost and institutional transition to the industrial revolution.This paper attempts to rediscover the implication of modern society and the sense of freedom which is closely related to it...