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China’s integration into the global economy, while rapid, has been managed as part of a wider liberalization process. The structural changes in the rural economy arising from these twin processes have led to widening intra-rural inequalities. To address these, the central leadership has, in Polanyian manner, moved to counter some of the adverse effects of liberalization and globalization. We discuss this dynamic as it has affected rural China. We analyze results from a national data set...
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Depuis les années soixante-dix, certains économistes ont tenté de répondre aux difficultés de plus en plus nombreuses qu’ils rencontraient en réélaborant le concept d’institution. Cette tentative « néo-institutionnaliste » fut porteuse de malentendus. L’autonomisation progressive de l’économie comme savoir s’était, en effet, construite sur l’occultation délibérée de toutes sortes de fondements extra-économiques. La quête de tels fondements, dans l’intention d’asseoir scientifiquement la conna...
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Karl Polanyi considered that the relationship between the markets and their societies was a central feature of any social order. He studied what he called "ancient societies," to compare them with his own times, in an effort to understand that subject This paper aims to show, following Polanyi's work on Classical Greece, that it is possible to make a clear analogy between the Athenian state and economy with the modern Welfare State. First, we present Polanyi's study of the early Athenian...
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This note draws on Polanyi's pendulum in economic policies presented in the the Great Transformation—with swings back and forth between strong restrictions on the market and market domination, each resulting from excesses of the dominant model. The swing he described, when he wrote, was a reaction to the consequences of market domination, notably the Great Depression, and ushered in Keynesianism and the welfare state. In the late twentieth century, there was a swing back towards the market...
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The objective of this paper is to analyse, on the basis of the substantive definition of the economy (elaborated in the footsteps of Polanyi), the various types of resources mobilised by European social enterprises. European social enterprises use a complex mix of resources based on four types of economic relations: the market, redistribution, the socio-politically embedded market, and the reciprocity. A European typology of Work Integration Social Enterprise (WISEs) is put forward, in order...
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Purpose – This paper sets out to investigate the potential contribution of the inter‐disciplinary field of ecological economics to the explanation of the current economic crisis. The root of the crisis is the growing disjuncture between the real economy of production and the paper economy of finance. Design/methodology/approach – The authors trace the epistemological origins of this disjuncture to the myths of economism – a mix of academic, popular and political beliefs that served to...
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Polanyi (1944, [1957]1968) has distinguished three “patterns of social integration,” namely, “reciprocity,”“redistribution,” and “exchange.” This triad has provided the starting point for most subsequent discussion. Our purpose is to introduce a further type of coordination, the “destructive mode of coordination.” This mode achieves coordination by intimidation, threat, and the use of non-institutionalized coercive means. Resources and human efforts are allocated in order to appropriate what...
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The recent period of intensive and extensive development of global economic integration, or globalization, has reached a crossroads. The regime of the neoliberal Great Capitalist Restoration is not sustainable and fundamental governance changes must be made. This paper adds perspective to the choices that must be made at this critical juncture of the global social economy by applying the master concepts of Schumpeter's Creative Destruction and Polanyi's Protective Response.
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Cet article vise à examiner de manière critique et constructive l'actualité de la pensée de Karl Polanyi pour comprendre le développement de l'économie plurielle au XXIe siècle et pour agir sur celui-ci. Il montre la très grande actualité de cette pensée, ainsi que la nécessité de s'intéresser à l'œuvre entière de Karl Polanyi, et pas seulement à«La grande transformation». Partant des usages multiples du concept d'encastrement et de désencastrement, il relie les propositions inspirées par...
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En premier lieu, c'est la critique du capitalisme et du fascisme comme la prolongation toujours possible de celui-ci qui nous semble devoir être traitée. L'interprétation chrétienne du marxisme, à laquelle se livre Polanyi, est une façon de comprendre la condition d'étrangeté qu'éprouve l'homme moderne face à lui-même ; cette interprétation permet aussi de voir dans le fascisme la négation même du socle judéo-chrétien qui fonde en Occident la communauté humaine authentique. En second lieu,...
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The foundations of Keynes and the principles of Polanyi offer insight into crafting a new American economy
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The article presents a presidential address by Michael J. Piore, delivered at the Society for the Advancement of Socio-Economics (SASE) Annual Meeting 2008 in San José, Costa Rica, in which he discussed the relationship between sociology and economics, and the role that this relationship plays at the current political juncture in the transition from neoliberalism to the formation of public policy.
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Maps out a set of solutions to various systemic problems "This report argues that nothing short of a Great Transition to a new economy is necessary and desirable, and also possible. " - We have called the process by which this could happen the Great Transition as a deliberate echo of The Great Transformation, written by Karl Polanyi in the 1940s.1 While in a relatively short report such as this we could not hope to achieve anything remotely comparable to Polanyi’s great work, the scale of...
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