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The author critiques the expedient application of market valuation principles by the transnational corporations and other large firms in the Indian pharmaceutical industry on a number of issues like patents, pricing, irrational drugs, clinical trials, etc. He contends that ethics in business is chiseled and etched within the confines of particular social structures of accumulation. An ascendant neo-liberal social structure of accumulation has basically shaped these firms' sharp opposition to...

RésuméDifférents travaux ont délivré des méthodologies et des données quantifiant l’apport du bénévolat en temps et en argent. Ces préoccupations amènent, dans le sillage des travaux de Karl Polanyi, à appréhender l’économie de manière substantive comme la dépendance de l’homme par rapport à la nature et à ses semblables. Une telle analyse montre qu’il n’y a pas nécessairement une concurrence entre ces différents registres économiques mais qu’une hybridation des ressources peut se mettre en...

RésuméLes notions d’encastrement et de savoirs tacites sont souvent utilisées dans des théories expliquant les effets de proximité spatiale dans les relations entre la recherche académique et les entreprises. Même si elles ont des origines proches (ne serait-ce que parce qu’elles ont été formulées à l’origine par deux frères, Karl et Michael POLANYI), elles ont des implications très différentes en ce qui concerne l’interprétation des effets de proximité. Dans un cas (l’encastrement), on peut...

Explores the role of markets in achieving social well-being in Latin America, highlighting alternatives theories for this relationship based on the work of Karl Polanyi. Role of markets in reducing poverty; Relation between markets and social institutions; Ways in which market liberalization is damaging the livelihoods of the poor.

Examines the relationship between democracy and development to set the scene for the pressing contemporary issue of how globalization might affect democracy and vice versa. Reference to the work of Karl Polanyi who posited a dual movement of market expansion matched by increasing social control over it; Impact of globalization.

This article presents information on the construction of market institutions in Russia and includes the institutional conception provided by analyst Karl Polanyi. Polanyi's main ideas will be expounded in regard to his interest in analyzing the transition. These ideas will be adapted to the object of study and then specified so that they will be efficient criteria for analyzing the present economic transition. Second, the results obtained will be applied to the Russian case, and an attempt...

The article replies to professor David Levine's rhetoric and reality in American welfare history. The author largely agrees with Professor Levine's conclusion that the impact of the application of the principles of 1834 on contemporary welfare reform is "far more potent rhetorically than it is in fact" (733) and that "the slowly expanding mild welfare state is here to stay" (741). Levine argues that this is the result of the emergence and persistence of a "New Deal consensus" regarding the...

This paper calls for an explicit return to questions about the normative foundations of planning theory and practice. It argues that a simultaneous reading of Karl Polanyi with Friedrich von Hayek can contribute to developing an ethical basis for tempering market rationality with social rationality in the current global economic conjuncture. Empirically, the paper investigates recent initiatives in Nepal to provide social protections (à la Polanyi) through financial market rules. In the face...

Assuming a close relationship between peace and development, this paper analyses a succession of schools of thought in development forming part of three distinct, historically contextualized development and security discourses: the industrialization imperative in the emerging state-system in nineteenth-century Europe, the international concern with global poverty in the bipolar post second world war world and the current meaning of development in a globalized and increasingly chaotic world....

This article constructs a model of contemporary currency crises which incorporates the role played by institutional investors and the dynamics associated with Karl Polanyi's notion of the "double movement." Polanyi's double movement, and its recognition of the need to integrate politics with economics, is used to explain why so many governments are prone to pursue policies that lead to a speculative attack against fixed exchange rates and why virtually every modern fixed exchange rate regime...

This article re-interprets and develops Polanyi’s substantive institutionalist analysis of capitalist market economies and the market society in the light of two more recent approaches to the same issues. These are the Parisian ‘regulation school’ on contemporary capitalism and systems-theoretica l accounts of the modern economy. All three regard the capitalist economy (or, for autopoietic systems theory, the market economy) as an operationally autonomous system that is nonetheless socially...

Vouloir débattre de questions d’économie politique, comme la présente revue et toute l’oeuvre de Karl Polanyi (1) nous y invitent, semble relever, à l’aube du XXIe siècle, d’une absolue gageure. Sur le plan académique, l’économie politique s’est métamorphosée en une « science » économique fondée sous le double sceau de l’individualisme méthodologique et de l’affirmation d’une dichotomie totale entre faits et valeurs. A l’inverse, l’anthropologie de Polanyi se fonde sur un socialisme...

This article addressed the complex relationship between religion and the market by proposing three basic paradigms, and then applying them to contemporary Christian social thought (or social ethics). The first conflicting model, following Max Weber and Karl Marx, views religion and the market in opposition, which results in greater secularisation. The second, following Emile Durkheim, proposes a 'functionalist' model of society, in which the market itself becomes sacred. The third, following...

Although Belgian poverty is mainly concentrated in urban regions, the profound restructuring of labour and food markets, the dismantling of the welfare state and the growth of new types of households are also producing poverty and social exclusion in rural areas. This paper stresses that not every deprived rural household should be regarded as excluded from society. By developing survival strategies, households attempt to escape from social marginalization. To understand these responses, a...

The article focuses on the interpretation of consequences of Midwestern agricultural industrialization. The nature and consequences of the industrialization of agriculture are well documented in academic research and in the popular press. Interpretations of the process vary in reflection of the diverse perceptions of the nature and overall significance of industrialization. Suggested policies range from a "hands-off" to a "prohibit and prevent wherever possible" approach. Both approaches are...

Focuses on the social and political changes brought about by capitalism in Europe. Advocacy of socialist Karl Marx, Karl Popper and Karl Polanyi for social democracy; Discussion on the relationship between society and economy; Notion of futurism regarding the inevitability of change.

Dominant strands of thinking in contemporary social science consider economic globalisation, the increasing role of cross-border flows and transactions in economic organisation, in terms of some combination of either limited or considerable economic impact and either positive or negative consequences for the general welfare. Little attention has been given thus far to its political consequences within those parts of the world, the developed countries of the Global North, where its impact...

Current social and political theory is sceptical of the future of welfare states in the face of global markets. Their moral claims, too, have been challenged by the neo-liberal association of market capitalism and individual freedom and by an implicit acceptance of that critique - of the welfare state as bureaucratic - by left-wing commentators. This article offers a defence of the national welfare state as the guarantor of 'complex freedom'. This defence is derived from the theoretical...

The article reviews the book "The Great Transformation: The Political and Economic Origins of Our Time," by Karl Polanyi.