Category Archives: Polanyi

Hayek versus Polanyi: Global society as markets, all the way across?

The workshop “Geographies of Markets”—hosted over three days in mid-June 2017 by the Karl Polanyi Institute of Political Economy at Concordia University, Montréal—gave scholars from a wide range of countries and disciplines an opportunity to assess the continued relevance of … Continue reading

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How (Not) to Criticize Karl Polanyi

Once a relatively obscure Hungarian academic, Karl Polanyi has posthumously become one of the central figures in debates about globalization. This recent interest in his thought has occasioned an unsympathetic treatment by Jeremy Adelman in the Boston Review. Adelman, a … Continue reading

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Karl Polanyi: El pensador más peligroso de la izquierda

La timidez política de la izquierda ha revalorizado la figura de Karl Polanyi, autor de ‘La gran transformación’, un ensayo clásico que desborda los límites del debate económico actual. Los pensadores de la izquierda global, en gran parte, han vivido … Continue reading

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Neoliberalismo, autoritarismo y el auge de la extrema derecha

Fuerzas ultraderechistas aprovechan la desigualdad y el descontento social que han desgastado a los partidos tradicionales y esgrimen la necesidad de imponer seguridad Resulta ya evidente que el crecimiento de la desigualdad en el mundo desarrollado a partir de los … Continue reading

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The Methodology of Polanyi’s Great Transformation

Polanyi’s book on The Great Transformation provides an analysis of the emergence and significance of capitalist economic structures which differs radically from those currently universally taught in economic textbooks. This analysis is based on a methodological approach which is also … Continue reading

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The Rise and Fall of the Market Economy

The core economic functions of production and distribution of goods can be handled by many different methods. After the fall of communism, the market mechanism has become nearly universal. Conventional economic theories argue that this is natural, because it is … Continue reading

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Our Obsolete Market Mentality – Civilization Must Find a New Thought Pattern

Karl Polanyi: “The market mechanism moreover created the delusion of economic determinism as a general law for all human society.. To attempt to apply economic determinism to all human societies is little short of fantastic. Nothing is more obvious to … Continue reading

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The Power of Market Fundamentalism – Karl Polanyi’s Critique

What is it about free-market ideas that give them tenacious staying power in the face of such manifest failures as persistent unemployment, widening inequality, and the severe financial crises that have stressed Western economies over the past forty years? Fred … Continue reading

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