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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...

Making sustainability a policy goal is one of the greatest challenges of the 21st century. Calls for a paradigm shift are becoming increasingly frequent and urgent. In fact, change toward a sustainable form of society seems to be more within reach than ever before. The mindset of people has changed in the course of economic and environmental crises. This publication presents the current scientific and practical approaches that shape and empower the process of change toward true...

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.

As China, India, and other industrializing giants grow, they are confronted with an inconvenient truth: They cannot rely on the conventions of capitalism as we know them today. Western industrialism has achieved miracles, promoting unprecedented levels of prosperity and raising hundreds of millions out of poverty. Yet, if allowed to proceed unencumbered, this paradigm will do irreversible harm to the planet. By necessity, a new approach to environmentally conscious development is already...

La sacralizzazione della politica accade ogni volta che un'entità politica – la nazione, la democrazia, lo Stato, la razza, la classe, il partito, il movimento – è trasformata in una entità sacra, in un oggetto di devozione e di culto, ed è collocata al centro di un sistema di credenze, di simboli e di riti. Nascono allora le religioni della politica, che non si identificano con un unico tipo di ideologia e di regime: esse possono sacralizzare la democrazia o l'autocrazia, l'eguaglianza o la...

The work of Karl Polanyi has gained in influence in recent years to become a point of reference to a wide range of leading authors in the fields of economics, politics, sociology and social policy. Newly available in paperback, this volume is a combination of reflections on, and assessment of, the nature of Polanyi's contribution and new strands of work, both theoretical and empirical, that has been inspired by Polanyi's insights. It gathers together the key contributions to the first ever...

Capitalism is the only complex system known to us that can provide an efficient and innovative economy, but the financial crisis has brought out the pernicious side of capitalism and shown that it remains dependent on the state to rescue it from its own deficiencies. Can capitalism be reshaped so that it is fit for society, or must we acquiesce to the neoliberal view that society will be at its best when markets are given free rein in all areas of life? The aim of this book is to show that...

In this ambitious work, Giacomo Marramao proposes a radical reconceptualization of the world system in our era of declining state sovereignty. He argues that globalization cannot be reduced to mere economics or summarized by phrases such as ‘the end of history’ or the ‘westernization of the world’. Instead, we find ourselves embarking on a passage to a new, post-nation state age destined to transform all civilizations – and to disrupt Western geopolitical dominance. To confront the...

What is it about free-market ideas that give them tenacious staying power in the face of such manifest failures as persistent unemployment, widening inequality, and the severe financial crises that have stressed Western economies over the past forty years? Fred Block and Margaret Somers extend the work of the great political economist Karl Polanyi to explain why these ideas have revived from disrepute in the wake of the Great Depression and World War II, to become the dominant economic...

In 2008 Ireland experienced one of the most dramatic economic crises of any economy in the world. It remains at the heart of the international crisis, sitting uneasily between the US and European economies. Not long ago, however, Ireland was celebrated as an example of successful market-led globalisation and economic growth. How can we explain the Irish crisis? What does it tell us about the causes of the international crisis? How should we rethink our understanding of contemporary economies...

The central paradox of the contemporary world is the simultaneous presence of wealth on an unprecedented scale, and mass poverty. Liberal theory explains the relationship between capitalism and poverty as one based around the dichotomy of inclusion (into capitalism) vs exclusion (from capitalism). Within this discourse, the global capitalist system is portrayed as a sphere of economic dynamism and as a source of developmental opportunities for less developed countries and their populations....

The Great Transformation by Karl Polanyi, written in 1944, is a twentieth-century classic. It presents a passionate critique of the inhumanity of liberal capitalism, an inhumanity which, Polanyi thought, could never be repeated. The social and political institutions developed in the post-War period not only protected society from the cruelty of the self-regulating market, but were essential to enable the market itself to function. The history of the market, Polanyi tells us, is a history of...

Depuis les années 1980, de plus en plus de pays ont opté pour une économie de marché et un régime politique de type démocratique et ce, indépendamment de leur « niveau de développement ». Pourtant, marché et démocratie ne sont pas directement compatibles. Si tous deux reposent sur les principes de liberté et d’égalité, le premier mise sur le pouvoir émancipateur du marché libre, alors que la seconde suppose une certaine égalité des conditions de vie. Une lecture croisée de cas européens et...

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...

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...

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...

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,...

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...

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...