Your search

The expression "sharing economy" has spread exponentially in the past few years, a sign of the growing interest in a phenomenon that continues to maintain boundaries that are somewhat vague. The hypothesis of this paper is that this can be attributed not only to the pervasiveness and enabling power of new technologies but also to the need to fill a social vacuum due to the failures of the market and the state. The sharing economy is introducing collaborative social forms able (at least...

In face of the strong conflict between market norms and social norms, peaceful co-existence is impossible. In traditional societies, markets were subordinated to society. Modern society emerged via a number of revolutions which made society subordinate to markets. This led to a reversal of traditional values of social cooperation and harmony with nature. Instead, men, nature, society became objects to be exploited for creating profits. A market society generates profits by exploiting men and...

The current global economic crisis concerns the way in which contemporary capitalism has turned to financialisation as a double cure for both a falling rate of profit and a deficiency of demand. Although this turning is by no means unprecedented, policies of financialisation have depressed demand (in part as a result of the long-term stagnation of average wages) while at the same time not proving adequate to restore profits and growth. This paper argues that the current crisis is less the...

The crisis of the European Monetary Union has revealed the weakness and the fragility of the European integration process. The paper examines the institutional changes which are at the root of the instability. What are the driving forces behind the introduction of the euro? What role do theoretical considerations play in this process? What influence on European integration has been exerted by neoliberal beliefs and convictions? Relying on an approach that combines basic insights of Gunnar...

This work introduces the concept of spontaneous order, its development through many schools of economic thought and its importance to today's society. This paper gives emphasis to Friedrich Hayek, since he has the most known model of spontaneous order, how he started to elaborate from his research about the role of the information on the economy and his maturation in Law, Legislation and Liberty. As a counterpoint to the Hayekian model, this work includes criticism to the concept and the...

The article critically examines the contributions of Polanyi and Granovetter on the embeddedness notions and functioning of any individual in social networks from the construction proposed by Lukacs in "The Ontology of Social Being". It is proposed to rethink and point clues to an explanation, consistent with the Marxian thought, the necessary links between the decision-making done in the here and now, in the quotidian of world of men, and the legalities and more general trends produced by...

My purpose here is to strengthen Karl Polanyi’s work through critique of and extension to abductive processes. Polanyi presented history woven into a new paradigm for analysis of socioeconomic systems, demonstrated discovery similar to abductive processes, and extended abduction into a holistic context. One of Polanyi’s most important contributions to socioeconomic analysis is the explanation of three integrated network models of socioeconomic reciprocity. They are coadjuvancy,...

The purpose of this article is to offer a Polanyian perspective on the issue of guaranteed income (GI). In analyzing the debate over the Speenhamland system, especially as Karl Polanyi ([1944] 2001) describes it inThe Great Transformation, he offered an important criticism of a GI program that some contemporary Polanyian economists have been struggling to come to terms with in their writings. Instead of defending a GI policy by seeking to reject Polanyi’s analysis of the problem, I suggest...

In this article, we analyze at a conceptual level some of the more relevant effects of the neoliberal takeover on the provision of social costs, including employment, health care, and nutrition. Adopting key perspectives of Karl Polanyi and other thinkers, we develop our examination under the seemingly perpetual conflict between markets and social reproduction. We argue that financialization has both expanded market spaces and changed relationships within those spaces. The ever-greater...

In this important book, Bryn Jones uses insights from political economy, historical analysis and sociological concepts of the corporation, as a socially disembedded but political actor, to address concerns over the over-reach of Anglo-Saxon corporation KM -- on page 6: "Following Karl Polanyi, I argue that ST/EM firms have outgrown and threaten to dominate, envelop and even undermine, some of the social and political institutions on which a sustainable market economy depends. Any...

Cette contribution défend la thèse selon laquelle une interprétation fidèle de l’encastrement au sens de Karl Polanyi nécessite une analyse qui se positionne dans la relation existante entre l’économie et l’institution organisatrice du social. Cette proposition s’étaye sur une analyse systémique des rapports changeants entre économie et société qui éclaire le désencastrement comme processus d’extériorisation du Marché imaginaire autorégulateur. Face à ce processus, l’enjeu d’une économie...

Actives dans plus de 100 communautés au Brésil, les banques communautaires de développement représentent un phénomène majeur de l’économie solidaire brésilienne. En se référant aux apports théoriques de Karl Polanyi, cet article propose une analyse des logiques d’action plurielles de la première banque communautaire de développement brésilienne, la Banque Palmas., Effective in more than 100 communities in Brazil, community development banks are a major phenomenon of Brazilian solidarity...

The article provides the author's view on issues concerning free market economics. He mentions Mr. Spock, a fictional character in the "Star Trek," whom critics of free market economics often cite as the epitome of rational economic man or Homo Economicus, as well as features Karl Polanyi, a Hungarian-American economist, who opposed the idea of humans as rational economic agents in his work "The Great Transformation." He also mentions human reason and cultural pessimism.

Evolution of the Property Relation defines an approach to economics which is centered around the concept of property and explores the historical evolution of the relationship of the individual, private property, and the state, and the distinctive changes wrought by the emergence of the market.

Ecosystem service valuation (ESV) attempts to transform the opposition of human economic necessity and ecological conservation by valuing the latter in terms of the services rendered by the former. However, despite a number of ESV-inspired sustainability initiatives since the 1990s, global ecological degradation continues to accelerate. This suggests that ESV has fallen far short of its goals of sustainable social transformation—a failure which has generated considerable criticism. This...

The official Chinese Trade Union has gained strength during the reforms, to the point that it must be considered as a central institution of the contemporary Chinese wage ratio. As a quasi-governmental organization, it belongs to the evolutionary institutional design and must find new solutions to the labor problems resulting from the reforms. However, its creativity only produces organizational solutions that are far from achieving a real counter-movement in a Polanyian sense.