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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...

While concentrating on the rise of modern capitalism, Weber’s seminal studies have little to say about the impact of religions on contemporary economic development. The paper comments about recent approaches to find an answer to the questions Weber left open. If one disregards a priori constructions of culturalist and rational-choice-theories, these approaches end up again in restating the circular relationship between ideas and interests showed already by Weber, albeit clearly with a higher...

In contemporary political economic analyses of development processes, Hernando De Soto'sThe Mystery of Capital, has been one of the most discussed, albeit controversial, books. Although well received by global development agencies such as the World Bank, a key exponent of De Soto's work, positing that the creation and institutionalisation of individual property in housing and land revives “dead capital” and creates the conditions that will enable the poor to emerge from abject poverty, has...

This article argues that thinking about entrepreneurship as a potential instrument for relief from endemic poverty and disadvantage, especially among the Indigenous, has all too often been captive to a concept of entrepreneurship that is built out of constrained economic and cultural assumptions. The authors develop this argument from a critical discussion of contributions by Karl Polanyi and Robert Heilbroner. The result is that approaches to venture have been encouraged that are sometimes...

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...

This article identifies a triple crisis of capitalism based on the three fictitious commodities as identified by Karl Polanyi: labour, money and land. This framework is used to integrate the environmental crisis into the wider crisis of capitalism. It argues that international actions required to reduce greenhouse gas emissions are going to present major challenges for capitalism with implications for the current dominance of market power and the subservience of state and social power. The...

Public service labour’s distinctiveness is insufficiently understood or recognised; and in its ad hoc growth under liberal ideologies of state intervention (those of Mill and Keynes), it has been treated both as if it were and were not public service labour. This paper teases out some of the crucial links between liberal ideologies of state intervention and the social praxis of public service unionism, outlining the latter’s historical struggle against this paradoxical treatment, which...

This paper first explores the notion that the limitlessness of knowledge is a privileged source of the restlessness of capitalism [Metcalfe, J. S. 2001. “Institutions and Progress.”Industrial and Corporate Change10 (3): 561–586; 2002. “Knowledge of Growth and Growth of Knowledge.”Journal of Evolutionary Economics12 (1): 3–13; 2004. “The Entrepreneur and the Style of Modern Economies.”Journal of Evolutionary Economics14 (2): 157–175; 2010. “University and Business Relations: Connecting the...

This paper outlines a ‘substantivist’ approach to the regional economy of the Pilbara in Western Australia, inspired by a constructive reinterpretation of Karl Polanyi's methodological legacy. Beyond the metaphor of embeddedness, it makes the case for a more wide-ranging methodological engagement with Polanyi's brand of substantivist socioeconomics, in dialogue with the empirical investigation of actually existing and variegated socioeconomic formations. A Polanyian optic, amongst other...

In this article, we compare recent innovative union campaigns: the ‘sans papiers’ campaign in France and the ‘Justice for Cleaners’ campaign in the United Kingdom, both based on a sustained grass-roots mobilization of immigrant workers. Rather than focusing on the ‘usual suspect’ explanatory factors, such as contrasting national settings, union power structures or traditions, our cross-national comparison highlights important underlying similarities in unions' strategic responses to a...

The housing of low-income groups in Greater Cairo has always been difficult. However, the general shortage in housing supply is contrasting with the low occupancy rate of newly constructed public housing units. In contrast, despite their bad living conditions, informal settlements have a high occupancy rate. In order to analyse the reasons behind this contradiction, the paper compares four neighbourhoods ranging from formal and semi-informal to informal housing production and including one...

While struggles over land dispossession have recently proliferated across the developing world and become particularly significant in India, this paper argues that existing theories of political agency do not capture the specificity of the politics of dispossession. Based on two years of ethnographic research on anti-dispossession movements across rural India, the paper argues that the dispossession of land creates a specific kind of politics, distinct not just from labor politics, but also...

This article discusses a case of popular social response to imposed austerity and recession in Greece. It focuses on the anti-middleman movement in an Athens suburb. It also addresses the broader picture of the current Greek crisis, explaining how participants in this grassroots response extend their activity beyond food distribution, beginning to imagine modes of economic conduct and interaction different from those currently dominant in Greece. I explore their efforts to turn the food...

The University of Pretoria's Human Economy project began at the end of 2010. To date it has involved eighteen post-doctoral fellows, drawn from around the world, and eight doctoral candidates, all from Africa. This paper reviews the project's progress, drawing attention to how its participants have come to construe the notion of a 'human economy' and the main social theorists on whom they have drawn in doing so. The development of our thinking regarding a human economy is explained by...

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...

Drawing on a Polanyian analysis of the land question, this article aims to analyse both Western and Indigenous cosmologies of Abya Yala—the name that indigenous peoples give to the American continent—to understand the relationship between human beings and land and nature. These cosmologies are at the heart of the way in which two distinct societies construct their regional space, one from ‘above’, the other from ‘below’, and they are therefore key to understanding today’s climate change...

This article aims to show that studies of transnational risk regulation can benefit from Polanyian and neo-Polanyian research agendas in the field of law, economy, and society. Risk regulation would then be under-stood as a corrective force within the market society. Drawing on the relevant literature in the field, Karl Polanyi's work is contextualized both in the past ("scholarship before and beside Polanyi") and in the present ("scholarship after and beyond Polanyi"). The review considers...

This introduction unpacks the key question that informs the articles in this special issue. How does a social sphere inform regulation and, more specifically, how can the regulatory capacity of a social sphere be har-nessed, as an alternative or significant complementary force to state reg-ulation and reliance on the self-regulatory capacity of markets? This question is salient and topical also in light of the search for new regula-tory strategies and perspectives in the aftermath of the...

This article starts from the assumption that economic sociology, including Karl Polanyi's work, can contribute fresh perspectives to regulation debates because it opens up new understandings of the nature of economic activity, a key target of legal regulation. In particular this article examines Polanyi's idea that society drives regulation. For Polanyi the "regulatory counter-movement" is society's response to the disembedding -- in particular through the proliferation of markets -- of...

Whereas much of the renewed interest in Polanyi's Great Transform-ation speculates that the rebalancing of economy and society he foresaw might now be emerging in the context of the financial crisis, the systems theory perspective adopted in this article concludes that there are good reasons to believe that such a shift may be no closer. From an examina-tion of credit default swaps and corporate bonds, the article suggests that finance may best be understood as an internally differentiated...