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Karl Polanyi’s “substantivist” critique of market society has renewed topicality in the era of neoliberal globalization. Polanyi (1886–1964) is popular among critical theorists and radical political economists, but also with ecological activists, anti-globalization campaigners and all who sense that ongoing financial turmoil is symptomatic of a deeper crisis threatening the compatibility of capitalism and democracy. The author reclaims the polymath Karl Polanyi for contemporary anthropology,...

The rise of populism across Europe and the US – first in the wake of the 2008 global financial crisis and then in the shape of Donald Trump’s presidential campaign and the Brexit vote in 2016 – are indicative of a seismic shift in the terrain of economic ideas in public discourse. Settled liberal norms concerning ever-increasing international market expansion, and the political integration required to sustain it, have been decisively upset by political forces that, whilst once on the...

Costly Fix examines the post-1995 Alberta tar sands boom, detailing how the state inflated the profitability of the tar sands and turned a blind eye to environmental issues. It considers the position of First Nations, the character and strength of environmental critiques, and the difficulties that environmental groups and First Nations have had in establishing a countermovement to market fundamentalism. The final chapter discusses how Alberta's new NDP government, in its first couple of...

In this important new book, Nancy Fraser and Rahel Jaeggi take a fresh look at the big questions surrounding the peculiar social form known as “capitalism,” upending many of our commonly held assumptions about what capitalism is and how to subject it to critique. They show how, throughout its history, various regimes of capitalism have relied on a series of institutional separations between economy and polity, production and social reproduction, and human and non-human nature, periodically...

It has become all too easy to disparage the role of the US government today. Many Americans are influenced by a simplistic anti-government ideology that is itself driven by a desire to roll back the more democratically responsive aspects of public policy. But government has improved the lives of Americans in numerous ways, from providing income, food, education, housing, and healthcare support, to ensuring cleaner air, water, and food, to providing a vast infrastructure upon which economic...

Featuring essays from Michael Brie (Rose Luxemburg Foundation, Berlin), Nancy Fraser (New School for Social Research, New York) and Kari Polanyi-Levitt (McGill University, Montreal). The contemporary Left fights its political battles on various fronts: protesting the crippling structural inequalities that sustain neoliberal economic policy; developing sustainable, community-based alternatives to the consumerism and short-termism that exacerbate the environmental crisis; and advocating for...

A fresh look at how three important twentieth-century British thinkers viewed capitalism through a moral rather than material lens What's wrong with capitalism? Answers to that question today focus on material inequality. Led by economists and conducted in utilitarian terms, the critique of capitalism in the twenty-first century is primarily concerned with disparities in income and wealth. It was not always so. The Moral Economists reconstructs another critical tradition, developed across...

The provocative political thinker asks if it will be with a bang or a whimperAfter years of ill health, capitalism is now in a critical condition. Growth has given way to stagnation; inequality is leading to instability; and confidence in the money economy has all but evaporated.In How Will Capitalism End?, the acclaimed analyst of contemporary politics and economics Wolfgang Streeck argues that the world is about to change. The marriage between democracy and capitalism, ill-suited partners...

The work of Karl Polanyi has gained in influence in recent years to become a point of reference to a wide range of leading authors in the fields of economics, politics, sociology, and social policy. The volume is a combination of reflections on, and assessment of, the nature of Polanyi's contribution and new strands of work, both theoretical and empirical, that has been inspired by Polanyi's insights. It gathers together the key contributions to the first ever workshop on the work of Karl...

Bringing together contributions from an international group of social scientists, this collection examines diverse crises, both historical and contemporary, which implicate market forces, widening inequalities, social exclusion, forms of resistance, and ideological polarisation. The Commonalities of Global Crises offers carefully researched case studies which stretch across large geographical distances- from Egypt to the US and from northern, central, eastern and southern Europe to South...

There’s little doubt that most humans today are better off than their forebears. Stunningly so, the economist and historian Deirdre McCloskey argues in the concluding volume of her trilogy celebrating the oft-derided virtues of the bourgeoisie. The poorest of humanity, McCloskey shows, will soon be joining the comparative riches of Japan and Sweden and Botswana.   Why? Most economists—from Adam Smith and Karl Marx to Thomas Piketty—say the Great Enrichment since 1800 came from accumulated...

The pace of energy use, greenhouse gas emissions, and population growth has thrust the planet into a new age—the Anthropocene. Humans have altered the planet’s biogeochemical systems without consciously managing them. The Great Acceleration explains the causes, consequences, and uncertainties of this massive uncontrolled experiment.

Karl Polanyi was one of the most influential political economists of the twentieth-century and is widely regarded as the most gifted of social democrat theorists. In Reconstructing Karl Polanyi, Gareth Dale draws upon primary sources archived in the countries that Polanyi called home—Hungary, Austria, Britain, the United States, and Canada—to provide a sweeping survey of his contribution to the social sciences.   Polanyi’s intellectual and political outlook can best be summarized through...

Making sustainability a policy goal is one of the greatest challenges of the 21st century. Calls for a paradigm shift are becoming increasingly frequent and urgent. In fact, change toward a sustainable form of society seems to be more within reach than ever before. The mindset of people has changed in the course of economic and environmental crises. This publication presents the current scientific and practical approaches that shape and empower the process of change toward true...

As China, India, and other industrializing giants grow, they are confronted with an inconvenient truth: They cannot rely on the conventions of capitalism as we know them today. Western industrialism has achieved miracles, promoting unprecedented levels of prosperity and raising hundreds of millions out of poverty. Yet, if allowed to proceed unencumbered, this paradigm will do irreversible harm to the planet. By necessity, a new approach to environmentally conscious development is already...

Capitalism is the only complex system known to us that can provide an efficient and innovative economy, but the financial crisis has brought out the pernicious side of capitalism and shown that it remains dependent on the state to rescue it from its own deficiencies. Can capitalism be reshaped so that it is fit for society, or must we acquiesce to the neoliberal view that society will be at its best when markets are given free rein in all areas of life? The aim of this book is to show that...

In this ambitious work, Giacomo Marramao proposes a radical reconceptualization of the world system in our era of declining state sovereignty. He argues that globalization cannot be reduced to mere economics or summarized by phrases such as ‘the end of history’ or the ‘westernization of the world’. Instead, we find ourselves embarking on a passage to a new, post-nation state age destined to transform all civilizations – and to disrupt Western geopolitical dominance. To confront the...

In 2008 Ireland experienced one of the most dramatic economic crises of any economy in the world. It remains at the heart of the international crisis, sitting uneasily between the US and European economies. Not long ago, however, Ireland was celebrated as an example of successful market-led globalisation and economic growth. How can we explain the Irish crisis? What does it tell us about the causes of the international crisis? How should we rethink our understanding of contemporary economies...

The central paradox of the contemporary world is the simultaneous presence of wealth on an unprecedented scale, and mass poverty. Liberal theory explains the relationship between capitalism and poverty as one based around the dichotomy of inclusion (into capitalism) vs exclusion (from capitalism). Within this discourse, the global capitalist system is portrayed as a sphere of economic dynamism and as a source of developmental opportunities for less developed countries and their populations....

Depuis les années 1980, de plus en plus de pays ont opté pour une économie de marché et un régime politique de type démocratique et ce, indépendamment de leur « niveau de développement ». Pourtant, marché et démocratie ne sont pas directement compatibles. Si tous deux reposent sur les principes de liberté et d’égalité, le premier mise sur le pouvoir émancipateur du marché libre, alors que la seconde suppose une certaine égalité des conditions de vie. Une lecture croisée de cas européens et...