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This article discusses digitalization and its connection with the political economy of transformation. Its point of departure is Karl Polanyi's historical analysis as presented in The Great Transformation. Polanyi analyzed the development of “self-regulating” markets—with transformative and destructive consequences for individuals, nature, and society—and government efforts to contain these consequences. Polanyi's perspective is compared to Marx's theorem of the development of productive...
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Resumo Explorando as distinções conceituais entre mercado, sistema de mercados formadores de preço e praça de mercado, concebidas por Karl Polanyi, o artigo mostra a pertinência dessas diferenças para a análise do capitalismo contemporâneo, ao focalizar a caracterização e os efeitos específicos de praças de mercado da atualidade. Evoca a contribuição de Polanyi para repensar o conceito de mercado tal como referido na literatura econômica e especificar a historicidade dos mercados, sobretudo...
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Resumo Uma introdução à entrevista realizada com Gareth Dale (Brunel University) − economista político e especialista na trajetória e na obra de Karl Polanyi − e a um conjunto de textos inspirados na abordagem polanyiana publicados neste número de S&A. Recupera questões-chave apresentadas na entrevista e na obra de Dale, dando relevo à literatura recente produzida sobre o autor, à contínua e difundida relevância das ideias de Polanyi para a compreensão do capitalismo e da democracia, e a uma...
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Resumo O artigo explora conflitos entre a indústria florestal, as comunidades Mapuche e o Estado chileno à luz da leitura de Polanyi sobre a expansão capitalista. Oferece análise histórico-institucional das maneiras pelas quais o Estado chileno usou a florestação para domar uma fronteira selvagem e os povos nativos que ali vivem. Argumenta que o aumento da violência nessa zona responde à crescente militarização do Estado na área e reflete o contramovimento de proteção social iniciado pelo...
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This paper assesses the contribution of Karl Polanyi, a theorist largely ignored in fascism scholarship, toward understanding fascism’s interwar rise and present-day implications. In exploring Polanyi’s work in The Great Transformation and lesser-known and unpublished writings, a sophisticated and largely original conception of fascism emerges, rooted in the idea of ‘anti-individualism’ as its foundational trait. Polanyi accounts for fascism’s philosophical content, ideological plasticity,...
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Karl Polanyi’s scholarship is interpreted in radically different ways. The “hard” reading of Polanyi sees him as a radical socialist; the “soft” reading presents him as a theorist of mixed economy. This article sides with the soft interpretation. It uses Polanyi’s biography to explain his theoretical “elusiveness,” presents a novel interpretation of his three types of economic integration, claiming all economies are “mixed.” While it acknowledges Polanyi as one of the major sources of world...
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After considering different possible elements of the ‘Trump era,’ I will turn to The Great Transformation to periodize capitalism into three waves of marketization and their counter-movements. In the first wave, we follow the commodification of land, money and especially labor, so-called fictitious commodities, and the local counter-movements marketization inspired, reaching to the level of the state. In the second wave, the focus turns on the way marketization generated a reaction from...
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Karl Polanyi war in jungen Jahren Zeitzeuge der vielschichtigen ökonomischen, sozialen und politischen Umwälzungen in der österreichisch-ungarischen Donaumonarchie. 1886 in Wien geboren, wuchs er in Budapest auf, wo er Rechtswissenschaft und Philosophie studierte, um dann nach der Zerschlagung der ungarischen Räterepublik nach Wien zurückzukehren. Dort schrieb er für die wirtschaftspolitische Wochenzeitschrift „Österreichischer Volkswirt“.
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For Karl Polanyi, the economic system cannot be analyzed in isolation from social institutions. The economicism fallacy neglects social variables that are fundamental for determining economic action and systemic transformations. This implies that the rise of the self-regulated market system and its dominance over social institutions are not a natural movement when analyzed in the light of the entire history of human societies. For the author, what happened was a kind of uprooting of the...
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This application of Polanyi to the question of fascism’s resurgence provides an important corrective to mainstream liberal explanations (e.g., Albright 2018), inviting the reader to “look up rather than down” (Lim 2021) by tying fascism’s significance to the functioning of the capitalist system rather than to the personalities of fascist politicians or their degree of mass support. The merits of this notwithstanding, I argue that current Polanyian treatments have neglected to engage with a...
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