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One of the great dilemmas of the information age is the tension between two dynamics: (1) the tendency of information to be free-flowing and not to lose its value as it moves and (2) the tendency to want to control that flow of information in order to profit from its value. In 1944, Karl Polanyi identified similar contradictions in the industrial revolution, except the flowing material was capital instead of information. He spent a lifetime exposing what he felt to be the negative...
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There is a growing consensus in comparative political economy that 'globalization' is not eliminating the distinctive character of specific nation-states. Even in Europe, where formal integration between countries is most profound, nation-states remain idiosyncratic. Starting from this consensus, the questions I ask are: (a) how can we explain the coincidence of national idiosyncrasy and international integration; (b) what does our explanation tell us about processes of European integration?...
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Jacket abstract: "Democracy and the Global System analyses the relationship between liberal democracy and the global system while developing a critique of liberal internationalism. Fabian Biancardi examines some of the key questions of modern politics and the major ideas of a number of significant authors and texts, including Barrington Moore Jr., Karl Polanyi, Joseph Schumpeter, Samuel Huntington and David Held. While sympathetic to the aim of spreading liberal democracy globally, he...
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KM: a section focuses on Polanyi's analysis of the social and political construction of markets and of "market society" in Europe, and then discusses the extent to which this type of analysis can be applied to the formation of global markets in the late twentieth century. It then looks at gender dimensions and the tension between the assumptions of economic rationality associated with market behaviour and the real-life experiences of women and men. Beneria then extends this analysis to the...
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This article reviews two books about the thoughts of economist Karl Polanyi including "The Life and Work of Karl Polanyi," edited by Kari Polanyi-Levitt, and "Karl Polanyi in Vienna: The Contemporary Significance of the Great Transformation," edited by Kenneth McRobbie and Polanyi-Levitt.
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Halperin traces the persistence of traditional class structures during the development of industrial capitalism in Europe, and the way in which these structures shaped states and state behavior and generated conflict. She documents European conflicts between 1789 and 1914, including small and medium scale conflicts often ignored by researchers and links these conflicts to structures characteristic of industrial capitalist development in Europe before 1945. This book revisits the historical...
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