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Explains the mired history of social and economic thinking that has culminated in the new capitalism. McQuaig argues that instead of shaping our society to fit the economy, we must shape the economy to fit the society we want. 2001.
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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...
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The article focuses on Europe in the age of global networks and flowing identities. In the article the author discusses the articulation of Europe. He starts with a discussion on the identity of Europe, goes on with a discussion of globalization and closes with an attempt to tie these two themes together. He then raises, in a new context, sociologist Karl Polanyi's question: "What Kind of a Time Is Our Time?" Throughout the article, specific emphasis is put on the European Union, as this...
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Presents insights from the book 'The Great Transformation,' by Karl Polanyi. Concerns that the economic benefits of globalization override political and social costs; Polanyi's vision of democratic socialism not coordinated by central planners; Research into the origins of economic institutions.
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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...
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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....
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'An excellent contribution to our understanding of the political construction of markets... This is a well-written book, enjoyable to read as well as being very informative. I view this volume as a 'must read' for all scholars and graduate students in the areas of government and business, the politics of market economies and comparative politics in general. Michelle Egan's description and explanation of market construction and its impact on business standards, regulation and governance will...
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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...
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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...
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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...
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A study of the social effects of romantic primitivism.
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