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This special issue asks what role society can play in the regulation of transnational risks, as an alternative to or at least significant addition to reliance on state regulatory activity and the myth of the self-regulatory capacity of markets (Stiglitz, 2001, p. xiii). How can a social sphere contribute to the prevention and management of risks, often transnational in nature, posed by economic activity? Leading socio-legal scholars explore whether and how the idea of harnessing the...
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Four years into the unfolding of the most serious crisis since the 1930s, Karl Polanyi's prediction of the fateful consequences of unleashing the destructive power of unregulated market capitalism on peoples, nations, and the natural environment have assumed new urgency and relevance. Polanyi's insistence that 'the self-regulating market' must be made subordinate to democracy otherwise society itself may be put at risk is as true today as it was when Polanyi wrote. Written from the unique...
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Charts the history of women’s liberation and calls for a revitalized feminism.Nancy Fraser’s major new book traces the feminist movement’s evolution since the 1970s and anticipates a new—radical and egalitarian—phase of feminist thought and action.During the ferment of the New Left, “Second Wave” feminism emerged as a struggle for women’s liberation and took its place alongside other radical movements that were questioning core features of capitalist society. But feminism’s subsequent...
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Reflecting a developing trend towards interdisciplinary research in economics and law, this agenda–setting volume makes the case for economic sociology of law an emerging field that draws on empirical, analytical and normative insights from sociology to investigate relationships between legal and economic phenomena. It locates this novel subject in a wider socio–legal tradition and identifies common ground between Polanyian and Weberian approaches to the law, economy, and society,...
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In this analysis of the first colonialisms in history, the eastern roots of the Phoenician colonial system in the first millennium BC are traced and the metropolis of Tyre is established as the final link in a long chain of colonial experiences in the ancient Near East. The author reviews some of the theories and debates about trade and the colonial phenomenon, scrutinises the colonial situations that arose in the East in a context of long-distance interregional trade, and analyses the...
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The author uses the theory of the 'Great Transformation' of the industrialisation of England developed by Karl Polanyi to describe the current situation in Europe. There is a strong marketisation of the economy and also of social life, but what is missing is the social policy that needs to accompany this process, if there are not to be major problems. From this perspective marketization and social policy do not exist in a zero-sum game, but are mutually dependent. The emphasis on negative...
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