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El Japón y la República de Corea acometieron a finales de los años noventa una serie de reformas del mercado de trabajo que se han presentado muchas veces como meramente flexibilizadoras. Sin embargo, el autor sostiene —sobre la base del concepto de «doble movimiento» de Polanyi— que los dos conjugaron las medidas liberalizadoras con otras en pos de la estabilidad social. Tras estudiar las leyes adoptadas por uno y otro para reformar su mercado de trabajo y atenuar la dualidad del mismo,...

Dès la fin des années 1990, le Japon et la Corée ont entrepris des réformes du marché du travail souvent présentées comme un simple processus d'assouplissement. Partant, toutefois, de la perspective du «double mouvement» de Polanyi, l'auteur étudie la façon dont ces pays ont intensifié leur recours au marché tout en recherchant la stabilité sociale. Passant en revue les mesures législatives liées à la libéralisation de l'emploi et à la garantie de revenus, il analyse les différentes méthodes...

The onset of the current global economic crisis was hailed by many as signalling the demise of neoliberal hegemony. Two years on however, neoliberalism appears to be quite durable. Indeed, after a brief period of Keynesian-type responses, states, on the whole, have embraced neoliberal solutions to the fiscal problems generated by the crisis. Greece, for example, is now following an IMF programme of privatisation and cuts to social expenditure, while other European nations are pursuing...

Although Karl Polanyi Studied a different epoch and focused on Europe, his ideas have inspired an outpouring of studies on contemporary problems and prospects in the neoliberal era. The bulk of these studies pertain to industrial countries or global economic issues. However, the human, environmental and financial impact of market deregulation is arguably more devastating in the ‘developing’ countries than in the core. A question thus arises: do Polanyi's reflections on progressive...

The globalization of capital markets since the 1980s has been accompanied by a vigorous debate over the convergence of corporate governance standards around the world towards the shareholder model. But even before the financial and economic crisis of 2008/2009, the dominance of the shareholder model was challenged with regard to persisting divergences and national differences in corporate law, labor law and industrial relations. This collection explores this debate at an important...

Since the 1980s, much debate has revolved around Karl Polanyi's concept of the 'dis/embedded economy,' generating some light and not a little heat. This paper looks at three reasons that account for part of the 'heat.' It begins by tracing the sources upon which Polanyi drew. They include Karl Marx, Ferdinand Tönnies, and Max Weber, along with anthropology of the inter-war period, and German and American Institutionalist economics. After exploring the differing ways in which these varying...

This article contrasts three visions of political economy that appear in the writings of Keynes, Hayek, and Polanyi, and discusses their relevance to current debates over economic policy in the United States. Keynes proposed optimizing market practices through technocratic governance. In recent decades, this influential approach has proven vulnerable to the revival of Hayek's laissez-faire arguments. Polanyi, by contrast, introduced a framework that criticizes both laissez-faire conceptions...

The double transition to a society based on unfettered capital valorisation, which attempts to legitimize itself by claiming to be a democratic society founded on human rights, can be defined as the first great transformation of the contemporary period. These bourgeois capitalist societies are now in a crisis of their reproduction, integration, rule and security. Three possible scenarios can be discerned: the first attempts to continue the present development (conventional world), the...

Karl Polanyi is the author of a modern social science classic, The Great Transformation, as well as a number of well-known and widely debated essays collected in Trade and Market in the Early Empires and Primitive, Archaic and Modern Economies. These texts were researched and written either during his second exile in 1930s Britain or in wartime or post-war North America. Not so well known, however, are his Hungarian writings from the 1910s. Until recently, very few of these had been...

Karl Polanyi, who was born in 1886 in Vienna and died in 1964 in Pickering, Ontario remains a most influential theoretical figure in the social sciences, in particular stimulating both analytical and policy-related concerns that are related with the new institutionalism in economics, sociology and political science. Polanyian insights on the political economy of economic development from an institutional perspective have persistently shaped a variety of discourses that range from the theory...

This article is a reflection on the perspectives of feminism in the context of the current crisis of neoliberal capitalism. It is based on the theories of Karl Polanyi that explained the historical process of the crises as a result of the conflict between two elements – marketization and social protection. However, Polanyi Kept out of sight forms of injustice that are not present in the market. He also had the tendency to excuse the social protection as an instrument of domination. This...

BOOK ABSTRACT: Situates the current crisis in the historical trajectory of the capitalist world-system, showing how the crisis was made possible not only by neoliberal financial reforms but by a massive turn away from manufacturing things of value towards seeking profit from financial exchange and credit. Much more basic than the result of a few financial traders cheating the system, this is a potential historical turning point. In original essays, the contributors establish why the system...

The patterns and impact of globalization have become a common concern of all international jurists, sociologists, political scientists, and philosophers. Many have observed the erosion of the powers of nation states and the emergence of new transnational governance regimes, and seek to understand their internal dynamics, re-regulatory potential, and normative quality. Karl Polanyi's seminal book - The Great Transformation - is attracting new attention to such endeavors, mirroring a growing...

RésuméEn dépit de l’absence d’un exposé économique systématique dans l’œuvre de Sartre, nous soutenons qu’il y a bien une économie sartrienne, même si celle-ci est encore à développer. Le statut que Sartre réserve à la « rareté » lui permet de faire un pas supplémentaire vers la critique de l’économisme par rapport à celui déjà effectué par Karl Polanyi, qui s’est contenté de récuser la confusion entretenue entre l’économique et sa définition formelle. La rareté, nous enseigne Sartre, ne...

Özet: 20. yüzyılın önde gelen iktisatçılarından olan Karl Polanyi (1886-1964), Büyük Dönüşüm adlı eserinde ortaya koyduğu özgün tezler ile halen kapitalizme en ciddi eleştiriyi getirmiş kişilerden biri kabul edilmektedir. Polanyi'nin klasik ENG: Karl Polanyi is known as one of the most famous economists of the world who strongly criticized liberalism and the idea of self-regulating market. Polanyi’s masterpiece The Great Transformation is still accepted as one of the most powerful...

The Global South has entered an era of ideological flux. The inadequacies of neoliberalism have spawned a widespread questioning of this dominant worldview. Intellectuals and political movements search for an alternative development ideology that explains what has gone wrong, provides a vision of a more desirable future and suggests a process for achieving this goal. Responding to these challenges, the World Bank and other purveyors of the dominant model have undertaken a gradual shift from...