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The SARS-CoV-2 virus, and the associated COVID-19 pandemic, is perhaps the greatest threat to life, and lifestyles, the world has known in more than a century. The scholarship included here provides critical insights into the ethics and ideologies, inequalities, and changed social understandings that lie at the heart of this pandemic. This volume maps out the ways in which the pandemic has impacted (most often disproportionately) societies, the successes and failures of means used to combat...

Twenty-first-century Brazil’s political evolution is a window on the dynamics of contemporary political transitions. The inability of Brazil’s Workers’ Party to sustain its social democratic project and the subsequent rise of the reactionary regime of Jair Bolsonaro are, in turn, part of a global pattern of political change. Karl Polanyi’s vision of the ‘double movement,’ in which the dominance of the market vies with the countervailing movement for social protection, offers an analytical...

본 논문은 최근 대중적 관심을 불러일으키는 사회적경제를 주목하여 그 이론적 기원을 탐색하기 위한 목적을 가지고 있다. 이 작업은 다수의 연구자들과 활동가들에게 사회적경제에 대한 이해의 지평을 넓히고 보다 풍부하게 사회적경제에 대한 접근의 근거를 제공할 것이다. 다양한 분야에서 어려움에 직면하고 있는 우리 사회의 현실을 감안할 때, 새로운 대안경제로 사회적경제의 타당성 차원에서도 필요한 작업이다. 실제로, 기존 경제학은 합리적인 인간을 전제로 자기조정적인 시장메커니즘에 의한 이윤 극대화논리를 발전시켜 왔다. 가격을 매개로 시장의 무오류적 완결성을 고착해 온 것이다. 그러나 시장이 적절하게 기능하지 못하고 정부의 개입에 의해 해결되지 못한 다양한 사회문제들에 직면하면서 인간의 발전과 자연의 성숙을 도모하는 새로운 사회적경제의 가능성이 중시되고 있는 실정이다. 이러한 관점에서 본 연구는 주류경제학의 오류와 현대 경제에 대한 폴라니의 비판을 근저에 두고 그가 주목했던 두 명의 혁신적...

The chapter reconstructs the emergence and formulation of Karl Polanyi's central research question: How is responsible freedom possible in a complex modern society? The origins of this question in the time before the First World War and the confrontations with the challenge of neoliberalism and fascism are discussed. It is shown that Karl Polanyi's concept of freedom has four dimensions. Polanyi connects negative, positive, substantial and social freedom with each other and formulates a...

Though Polanyi referred to three distinct fictitious commodities, one, money, and the fate of the apex structure that commodified it, the gold standard, structured The Great Transformation’s narrative. Despite this centrality of money and its commodification to Polanyi’s masterwork, there is near-deafening silence in Polanyi scholarship on money as a fictitious commodity. This chapter ends it. It traces Polanyi’s understanding of fictitious commodities to its sources in classical political...

This introduction places the contributions that follow in the context of Polanyi’s rising influence, its causes and effects, and of the key twenty-first century developments that make his oeuvre more relevant than ever. It emphasizes how the contributions push the boundaries of received understandings of Polanyi. While some contributions fill gaping holes, such as those on money as a fictitious commodity, others overturn received understandings, whether that of the double movement or...

In these remarkably stirring reflections, delivered at the 2014 conference from which most of the contributions to this volume emerge, the late Abe Rotstein, Polanyi’s student and collaborator, recalls the projected sequel to The Great Transformation, to be titled Freedom and Technology. Whereas the former was built on a social sciences approach using institutional analysis, the sequel was to follow the intention Hegel expressed in the words ‘Wir die religiöse Vorstellung in Gedanken fassen’...

In the last decades, Karl Polanyi has gained recognition as one of the most important social scientists of the twentieth century. His seminal book, The Great Transformation, is listed among twentieth- century classics. How can this book, written more than seventy-five years ago, be applied to the current conditions? In order to answer this question the chapter not only compares the civilization of the nineteenth century in Europe with our own epoch. It also reconstructs some of Polanyi’s...

The importance of the work of Karl Polanyi to social enterprise scholarship is often maintained. However, explanations as to how and why his ideas are so relevant to the field are still relatively scarce. In this essay, we argue that engaging with Polanyi’s work directly, and Polanyian scholarship more widely, can provide a deep understanding of the underlying assumptions within current social enterprise conceptualizations, and provide insights into how the relative positioning of market and...

In North America, uranium workers are fighting for their right to participate in a free-market system that provides them with small personal benefits. These workers experience powerlessness, instability, and unpredictability – or social dislocation – by living amidst capitalism’s polluted ecosystems, unstable economies, and disintegrating communities. However, they feel reliant on uranium for their livelihoods and strongly support the industry’s renewal and form sites of acceptance to...

Drawing on a detailed analysis of Grabher and König’s study of platformization (Grabher & König, 2020), this essay develops a revision of Actor-Network Theory by proposing how a Device, Representation, Actor and Network or a DRAN Approach can be more helpful in making sense of platform economic processes. First, it locates the ways in which Grabher & König’s article approach platforms from an updated Polanyian perspective. Second, it elaborates on how the aforementioned article...

The concept of “Polanyi’s momentµ should be applied not only to point out some general analogy between today’s economic and social crisis and the one which occurred between the two World Wars and provoked the breakdown of European liberal society. In fact, Polanyi’s work allows us to hypothesize a much deeper continuity between the two crises, where both represent different stages of the same interregnum, the same process of institutional metamorphosis. It hereby helps us to decode the deep...

This chapter argues that Karl Polanyi’s economic sociology offers foundational concepts for a radical analysis of the social and ecological conditions that have caused the coronavirus pandemic. Furthermore, it shows that Polanyi’s work, often claimed for social democracy, has the potential to provide much more radical insights into the question as to how to “re-embed” our economies, thereby leading to a fundamental rethinking about the ways in which the present crisis can be overcome.

Synthesizing material derived from Norbert Elias, Pierre Bourdieu, Karl Polanyi, Max Weber, Benedict Anderson and Ernest Gellner, in Part I the concept of “national character” is delineated as a special case of “habitus” relating to the socio-spatial scale of the nation state. In relation to problems of state-formation, national character is shown to be a figurational and co-developmental function of the system of nation-states in which patterns of mutual identification and “imagined...

On 8 May 2018, the International Karl Polanyi Society was founded in Vienna. This marked the beginning of a new phase of engagement with a thinker who had already come to be regarded as a centennial figure in the Anglo-Saxon world. This book serves as an introduction to The Great Transformation, Polanyi’s magnum opus and one of the most important works of the 20th century. It helps us to understand the background to Karl Polanyi’s intellectual career, sketches the lives of his family...