Your search

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.

China's foreign policy has been long committed to a principle of non-interference in the internal affairs of sovereign countries. While one could easily point out past and present-day inconsistencies in its implementation, this article argues that defenders and critics of the principle both rely on a limited interpretation of ‘interference’ or ‘intervention’ based on an ideology of Westphalian sovereignty. Particularly problematic is the conceptual distinction between the ‘political’ or...

The grip of austerity in European politics since 2008 presents a double puzzle: electorally weak center-left parties offering no definite alternative, and the surprisingly efficient pursuit of “fiscal consolidation”. To understand this double puzzle this article investigates the institutional bases of alternative economic thinking during the 1930s versus the post-2008 crisis years. Noting the recent prominence of a new social type, the European economist-technocrat (eet), I highlight the...

This article seeks to use Karl Polanyi's book, The Great Transformation, first published in 1944, to understand the global financial crisis that began in 2008. Polanyi's basic premise was that a great crisis must result from powerful causes. He argued that the crisis of the 1930s was a consequence of three distinct processes: deep imbalances in the global trading system, a crisis within the global financial mechanism that was supposed to manage those imbalances, and a failure of adaptation...

Polanyi offers a powerful vision of a “great transformation” that will reverse the subordination of society to the economy and reassert the primacy of social protection in the context of modern society. Pursuit of the great transformation is one way of conceptualizing the quest for “development” in the positive sense of ecologically sustainable human flourishing. This paper explores how the contemporary interaction of national and global political dynamics affects the trajectory of Polanyi's...

The state incentivizes investors to entrust capital to public corporations by granting shareholders enforceable rights over managers. However, these rights create legal “access points” through which social movements can make nonpecuniary claims on the corporation. I use original historical research on the Securities and Exchange Commission’s administration of federal securities law to show that concern over nonpecuniary claims motivates the state to enact the role of “market protector.” In...

Karl Polanyi’s book The Great Transformation is a classic... it has come to be recognized as a founding charter for economic sociology. It anticipated major accomplishments of late-twentieth-century social science (including, among others, Ben Bernanke’s studies of the Great Depression and Amartya Sen’s work on famine). Its core problems—how do societies respond to globalization? how do they address the risks of market failure?—are central to contemporary macrosociology. It is probably time...

Twentieth-century consumer society was characterized by a process of disembedding as described by Karl Polanyi in The Great Transformation (2001 [1944]). The Austro-American consumer researcher Ernest Dichter played a key role in preparing the ideological framework necessary for this process to succeed. In order to assess Dichter’s role and that of psychoanalytic motivation research in general in the creation of the idea of the disembedded consumer, this article presents an analysis of...

In the context of the literature on 'actually existing neoliberalisms', this article analyzes the policies and services supporting Italian foreign direct investment (FDI) in Slovakia. It identifies a group of organizations, both Slovak and Italian, which shape and deliver neoliberal pro-FDI policies. By studying such an 'investment promotion community' (IPC) before and after the global financial crisis of 2009, and during Italy's prolonged crisis, this article shows both the persistence and...

This article looks at the issue of political disengagement in mature democracies and the growing tendency towards disconnect between citizens and their political representatives. It locates itself in relation to 'demand-side' (external to politics) and critical 'supply-side' (focused on the political centre) explanations of disengagement. It concentrates on the latter and, accordingly, builds on critical, post-Marxist and elite-oriented work. As such it follows on from earlier calls in the...

This paper analyses the rapidly emerging discourse of a green economy based on green growth. It highlights inherent conflicts and contradictions of this discourse such as the myth of decoupling growth from the environment, pollution generations and resource consumption. Using key theoretical constructs of both Gramsci and Polanyi, the paper argues that the green economy/growth discourse can be seen as a Gramscian ‘passive revolution’ whereby the dominant sustainable development discourse,...

The paper analyzes interdependence of the market sphere which functions according to the logic of contract, and the sphere of non-market activity within economy, where the logic of gift dominates as a paradigm. The purpose of the analysis is to present how the above concepts of societal exchange intertwine and complete each other within the socio-economic order. This is followed by the description of 'pre-market' economic paradigms (based on Karl Polanyi's contribution) such as reciprocity,...

To face an unequal world requires us to interpret and explain it, to be sure, but also to engage it, that is, to recognize that we are part of it and that we are partly responsible for it. In other words, inequality is not just something external to us, but also invades our own world. I begin, therefore, by examining the global community of sociology through the lens of inequality. I then consider two recent perspectives on our unequal world from outside sociology: the moral radicalism of...

Drawing upon The Great Transformation (1944), we outline Karl Polanyi's environmental sociology by presenting his major insights on economic substantivism, fictitious commodities, and double movements. Polanyi wrote his opus in challenge to Von Mises' Austrian School of Economics and its pursuit of an autonomous, self-regulating global free market. Polanyi's recognized the social and environmental limits of a fully free market and reasoned that inevitable market excesses would result in the...

This article discusses why many social scientists including Karl Polanyi, Max Weber, and Karl Marx are dissatisfied with an overreliance on markets, and a conceptualization of markets being efficient, fair and rational. Topics include five types of arguments critical of markets including the Marxian approach to markets, the rise of Karl Polanyi's view that markets are fragile, and a more complex decision-making approach starting with Max Weber's view of social action.

Despite the absence of a systematic analysis of economics in Sartre's work, we argue that a Sartrean economics can indeed be said to exist, even if it is an economics that still awaits development. The status that Sartre accords to the concept of scarcity allows him to advance the critique of economism begun by Karl Polanyi, who, for his part, had been satisfied simply to challenge the reduction of economics to its formal definition. Scarcity, Sartre teaches us, should not be submitted to...

The article explores the conception of the Great Transformation (GT) by economic historian Karl Polanyi and its contemporary applications. Topics covered include the continued existence of free market fundamentalism as a prominent ideology and as a living political project, the persistence of free market utopianism, and Polanyi's genealogy of the market system. Also discussed are his conception of industrialism and his use of functionalist theory to build a unified image of the social system.

Karl Polanyi identified a double movement which took place during the bourgeoisie hegemony when, instead of liberalism, it has made use of interventionism to perpetuate its domination over the working class. Several studies have tried to update his analysis by identifying the double movement nowadays. Nevertheless, the academia has not addressed the possibility of a reversed phenomenon where the working class would make use of liberalism to perpetuate itself in power. This paper aims at...