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The Double Movement in Polanyi and Hayek: Towards the Continuation of Life
Resource type
Author/contributor
- Faria, Filipe Nobre (Author)
Title
The Double Movement in Polanyi and Hayek: Towards the Continuation of Life
Abstract
Karl Polanyi’s double movement is a dialectical process characterized by a continuous tension between a movement towards social marketization and a movement towards social protectionism. Notably, Polanyi condemns the former movement while defending the latter. Without using the term “double movement”, F.A Hayek’s theory of social evolution acknowledges the same phenomenon but reaches different normative conclusions. While for Polanyi the marketization of society is a utopia with dystopian consequences, Hayek’s evolutionary explanation of this dialectical process asserts that there is no alternative to a market oriented society. Both authors defend that their favoured movement is the one that truly supports the continuity of life. This article compares the authors’ normative readings of the double movement and concludes that, from an evolutionary perspective, Polanyi’s conclusion possesses a robustness that Hayek’s postulate lacks.
Publication
Ethics, Politics & Society
Volume
1
Pages
22-22
Date
2018/05/15
Language
English
ISSN
2184-2582
Short Title
THE DOUBLE MOVEMENT IN POLANYI AND HAYEK
Accessed
2019-12-18, 10:12 p.m.
Library Catalog
epsjournal.ilch.uminho.pt
Rights
Copyright (c) 2018
Citation
Faria, Filipe Nobre. 2018. “The Double Movement in Polanyi and Hayek: Towards the Continuation of Life.” Ethics, Politics & Society 1: 22–22. DOI: 10.21814/eps.1.1.61.
Discipline
Publication year
Keywords
- double movement
- HAYEK, Friedrich A. von (Friedrich August), 1899-1992
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