Your search

Croatia has experienced a marked boom in household debt in the 2000s. Much of this lending took high-risk and predatory forms that transferred significant risks to debtors, which in turn became the target of contestation by debt activists. This paper uses the Polanyian idea of "double movement" to show how the Croatian debt contestations responded to the distinctively peripheral form of financialization in Eastern Europe, characterized by unequal geoeconomic relationships and an intensified...

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,...

'No human beings, at whatever stage of culture, completely eliminate spiritual preoccupations from their economic concerns' (Malinowski 1935: xx). Drawing on the history and theory of economic anthropology from the pioneering investigations of Bronislaw Malinowski to the work of a postdoctoral research team at the Max Planck Institute for Social Anthropology (Halle/S) between 2009 and 2012, this paper* explores the interface between ritual and the economy in socialist and post-socialist...

El artículo presenta un discurso del autor en la Conferencia de la Sociedad de Postgrado de Economía de la Universidad de Colombia, Nueva York, en 1950, acerca del análisis institucional a las ciencias sociales. Comenta sobre la relación entre tales ramas de las ciencias sociales como la historia, la economía y la antropología. ENG: The article presents a speech by the author at the Conference of the Graduate Society of Economics of the University of Colombia, New York, in 1950, about the...

S’appuyant sur un travail de terrain de longue haleine dans un village de la grande plaine hongroise, l’auteur analyse les liens entre économie politique et formes de sociabilité communément englobées sous le terme de rituel. Trois cycles d’intégration et de désintégration sont décrits. Chacune des phases de déstructuration a conduit à de nouvelles formes d’« auto‑protection » (Karl Polanyi) et à la construction de nouvelles relations communautaires. Les formes exemplaires de sociabilité...

With the advance of economic neoliberalization along with the green economy paradigm that aims to alleviate rapid climate change, discussions of the rationale of cooperative organization of food production have come to the fore. This paper contributes to the scholarly understanding of motivations for cooperative organization of production by taking up empirical illustrations from the European North of Russia, where despite expectations of privatization after the dissolution of the Soviet...

Drawing on ethnography of the World Bank's private sector development program, this paper explores the ways in which discussions of export competitiveness emerged in the past decade or so and how they interacted with larger discourses on solidarity and development. The immediate context within which this idea emerged was that of the structural adjustment programs (SAPs) which had maintained that the public regulation of the private economy compromises on industrial productivity (and by...

Noting a lack of consensus in the recent literature on the Anthropocene, this article considers how social anthropologists might contribute to its theorizing and dating. Empirically it draws on the author’s long-term fieldwork in Hungary. It is argued that ethnographic methods are essential for grasping subjectivities, including temporal orientations and perceptions of epochal transformation. When it comes to historical periodization, however, ethnography is obviously insufficient and...

This article argues that the original thrust of the moral economy concept has been understated and attempts to cast it in a new light by bringing class and capital back into the equation. First, it reviews the seminal works of Thompson and Scott, tracing the origins of the term. It deals with the common conflation of moral economy with Polanyi’s notion of embeddedness, differentiating the two concepts and scrutinizing the ways in which these perspectives have been criticized. Second, it...

This paper revisits debates over the labor theory of value in the 1970s and 1980s and proposes an expansion and revision for the neoliberal era. It draws on three empirical cases of social movements grappling with contemporary changes in the societal division of labor and argues that they can best be understood as 'revaluation' projects seeking to bring recognition to aspects of the economy that are necessary for its long-term sustainability but are not 'counted' as important.

To imagine Europe and Asia as constituting equivalent "continents" has long been recognized as the ethnocentric cornerstone of a Western, or Euro-American, world view. The amalgam Eurasia corrects this bias by highlighting the intensifying interconnectedness of the entire landmass in recent millennia. This article builds on the work of Jack Goody and others to analyze the unity-in-civilizational-diversity of the Old World. It draws on the substantivist economic anthropology of Karl Polanyi...

Discipline of economics, who already assimilated the mathematical and technical tools as a base for the expression of theory is almost lost its identity as a social science. This process has become visible through some historical breakups. These breakups have scientific, social and economic faces. While the developments in natural sciences had led the economists to imitate physics - since it uses more certain methods as a science; the market society which established after the industrial...

This paper focuses on how discourses of food have shaped understandings of what is at stake in the Greek crisis. Drawing from Karl Polanyi's concept of "embeddedness," I argue that food is central to Greek interpretations of neoliberal policies and processes because of its centrality to Greek culture and identity. Food has also been a site of contested practices of "solidarity" and "charity" by which new social experiments are emerging in the wake of the breakdown of the welfare state. In...

All communities of practice must face questions relating to the material economic foundations of future sustainable societies. David Graeber, Karl Polanyi and Karl Marx each have produced typologies of possible types of economy, synthesised as: (1) the principle of individual reciprocity, (2) the market principle of capitalism, and (3) the planning principle of the state. I apply this synthesis to recent proposals for community change advanced by Bill McKibben and David Korten concerning...

Goody's essay overlaps with his recent work on the “search for metals” and, more generally, with his many books expounding the commonalities of Eurasian history. His critique of Eurocentrism remains invaluable. This review article argues that his emphasis on diffusion can be usefully supplemented with a concept of civilization, to facilitate comparative structural analysis. Goody's perspective might also be enhanced by an engagement with the literature on “Axial Age” cosmologies and with...

This article attempts to provide a critical understanding of the dual signification of “precarity”. It explores what “precarity” as a concept may potentially offer to studies of the changing contemporary political economy of migration. It discusses shifting trends in global migration and point to tendencies for a possible convergence between “South” and “North”, “East” and “West”. Based on a review of current advances in research, it discusses, with reference to the classical work of Karl...

Behind only that of Bronislaw Malinowski, the influence of the Central European polymaths Ernest Gellner and Karl Polanyi on socio-cultural anthropology in the 20th century was profound. Gellner and Polanyi also influenced much wider swathes of scholarship. They belong to different generations and were raised in quite different settings in Prague and Budapest respectively. What these thinkers have in common is a philosophy of history which posits the industrial revolution in northwest Europe...

This paper aims to reconsider Polanyi's approach to money. His best-known writing on money uses is deeply original and presents strong insights that dissociate money from the concept of the market. Polanyi also developed an interesting non-dichotomous understanding of money in hisThe great transformation. However, taken together, these two contributions lead to some unresolved questions: his critique of the orthodox approach to money is ambivalent; his argument to separate payment from...

We review here recent developments in the anthropology of money and finance, listing its achievements, shortcomings, and prospects, while referring back to the discipline's founders a century ago. We take our departure from the work of Marcel Mauss and Karl Polanyi, both of whom combined openness to ethnographic research with a vision of world history as a whole. Since the 1960s, anthropologists have tended to restrict themselves to niche fields and marginal debates. The anthropological...