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Governments in Europe and elsewhere have renewed their attention to the fiscal regulation of their economies in order to close tax loopholes and boost revenues in response to the financial crisis. The article uses a neo-Polanyian ‘instituted economic process’ approach to explore and explain the uniquely high level of bogus self-employment in the UK construction industry, facilitated by confused law and stimulated by a bespoke construction fiscal regime, resulting in endemic tax evasion. It...

Infrastructure projects provide a spatial fix by increasing the scale and rate of capital accumulation, and because infrastructure projects themselves absorb massive amounts of productive and finance capital. I seek to explain the timing, character, and consequences of a Can $85 billion infrastructure boom in Canada's largest province, Ontario, between 2003 until 2013. I focus on the expansion and privatization of environmentally oriented infrastructure in Ontario via three policies: the...

The expression "sharing economy" has spread exponentially in the past few years, a sign of the growing interest in a phenomenon that continues to maintain boundaries that are somewhat vague. The hypothesis of this paper is that this can be attributed not only to the pervasiveness and enabling power of new technologies but also to the need to fill a social vacuum due to the failures of the market and the state. The sharing economy is introducing collaborative social forms able (at least...

Internationally educated teachers (IETs) seeking to resume their careers in Canada often demonstrate tremendous endurance, fortitude, and resilience in the process of navigating their new professional landscapes, yet neoliberalism and the myth of meritocracy obscure the pervasive systemic barriers characterizing their professional experiences. Critical action research undertaken with graduates of an academic and professional bridging program for IETs in Manitoba reveals a complex interplay...

The purpose of this book is to explore new developments in the field of economic sociology. It contains cutting-edge theoretical discussions by some of the world's leading economic sociologists, with chapters on topics such as the economic convention, relational sociology, economic identity, economy and law, economic networks and institutions. The book is distinctive in a number of ways. First, it focuses on theoretical contributions, by pulling together and extending what the contributors...

This paper examines Canadian federal and cross-provincial higher education policy from 1960 to 1990, a critical time when provisions for vocational and adult training came under the auspices of governmental concern, justified under both an economic rationale and as a way to address persistent forms of inequality. The problematisation of skill during this period had particular gendered implications, as addressing inequality through education subsidies intersected with the perceived training...

In the Marxist tradition, capitalism is understood as a commodified society based on markets. The article argues that the ultimate justification of this position does not lie in any ‘materialistic’ approach, but in the disembedding of markets that was the result of the historical ‘Great Transformation’ analysed by Karl Polanyi. Disembedded markets are not an economic subsystem within society but take the place of the most encompassing social system, which Durkheim had reserved for religion....

This article discusses the difference between a social policy approach to the regulatory embedding of a market and a moral economy approach using the insurance case wherein the European Union's Court of Justice ruled that insurers may not discriminate on grounds of sex in identifying risks.

Les approches issues des cultural studies ont insufflé à la recherche sur les productions médiatiques et culturelles une vigueur nouvelle et nécessaire. Cependant, il devient de plus en plus clair au fil des ans qu’elles rencontrent également de sérieuses limites. L’évaluation menée dans cet article repose sur une première partie dans laquelle nous explorons, en profitant du recul historique, la période d’opposition entre les cultural studies et l’économie politique des années 1990, en...

L’informatique en réseau a souvent été présentée comme un instrument favorisant l’auto-organisation de la société civile, à partir de modes alternatifs de distribution du pouvoir et de coordination des activités. L’histoire d’internet, abordée du point de vue de l’histoire des idées, montre que de telles propriétés ont donné lieu à la formation d’une véritable philosophie politique que nous avons appelée le libéralisme informationnel. Celle-ci a vu différents modèles d’économie politique...

To grasp what might exist beyond neoliberalism, we need to rethink the history of development before neoliberalism. This article makes two arguments. First, for poorer countries, processes of commodification which are highlighted as evidence of neoliberalism often predate the neoliberal era. Third World development policies tended to make social and economic life more precarious as a corollary to capital accumulation before neoliberalism as an ideology took hold. Second, the intense...

In face of the strong conflict between market norms and social norms, peaceful co-existence is impossible. In traditional societies, markets were subordinated to society. Modern society emerged via a number of revolutions which made society subordinate to markets. This led to a reversal of traditional values of social cooperation and harmony with nature. Instead, men, nature, society became objects to be exploited for creating profits. A market society generates profits by exploiting men and...

The issue of whether transnational risk can be regulated through a social sphere goes to the heart of what John Ruggie has described as 'embedded liberalism': how capitalist countries have reconciled markets with the social community that markets require to survive and thrive. This collection, located in the wider debates about global capitalism and its regulation, tackles the challenge of finding a way forward for regulation. It rejects the old divisions of state and market, citizens and...

As the economy becomes more automated and digitized, patterns of employment will change dramatically, and social policy will need to evolve too. Instead of relying guaranteed jobs or income, write experts Nicolas Colin and Bruno Palier, governments should embrace the “flexicurity” at the heart of the Nordic model.

Social scientists have drawn on theories of embeddedness to explain the different ways legal, political, and cultural frameworks shape markets. Often overlooked, however, is how the materiality of nature also structures markets. In this article, I suggest that neo-Polanyian scholars, and economic sociologists more generally, should better engage in a historical sociology of concept formation to problematize the human exemptionalist paradigm their work upholds and recognize the role of nature...

The current global economic crisis concerns the way in which contemporary capitalism has turned to financialisation as a double cure for both a falling rate of profit and a deficiency of demand. Although this turning is by no means unprecedented, policies of financialisation have depressed demand (in part as a result of the long-term stagnation of average wages) while at the same time not proving adequate to restore profits and growth. This paper argues that the current crisis is less the...

This article considers Corporate Social Responsibility (CSR) as part of the projects in ‘new governance and decentred regulation’, which draw social forces towards the regulation of economic behaviour. It uses Karl Polanyi to open up pertinent interfaces between society and economy for observation, and Gunther Teubner to substantiate a ‘regulatory’ view of the company's social relationships. The article finds that CSR combines movements for the recognition of social relationships, on an...

This article analyses the trajectory of Benjamin J. Cohen's work by focusing on his ongoing concern with the nature and governance of world order. It does so by playing out his debt to realism and to Keynesianism. In a first moment, Cohen criticises the economic determinism of dependency scholarship, while turning to political realism, and then to possible Keynesian co-operation under anarchy: agents have the power to affect positive change. Later, Cohen the disillusioned Keynesian, watching...

A recent Aljazeera report on ‘Cambodia’s Orphan Business’ explains ‘how “voluntourism” could be fuelling the exploitation of Cambodian children’. Anti-orphanage tourism movements have emerged to resist the growth of Cambodia’s contested orphanage tourism industry, which is blamed for widespread corruption and the exploitation of children for profit. Taking a Polanyian political economy approach, this article illustrates how the emergence of and response to the orphanage tourism industry...

In sub-Saharan Africa, colonial influences have altered traditional practices as a way to manage that which Polanyi labeled as ‘fictitious commodities’ of land, labor, and money. Land has now become a highly marketable commodity and an intrinsic part of the global economy. Over the past century, Uganda's land rights have evolved from communal rights to that of male-dominated, individual ownership practices that have excluded women. Despite constitutional provisions, which confer title of...