The Economic Thought of Karl Polanyi: Lives and LivelihoodThe democratic industrial societies face a deeply-rooted institutional crisis. The accepted ways and means of living lead to frustration and anxiety rather than creativity and joy. The roots of this crisis are political and economic. These societies contain economies that pervert and obstruct the human life process and polities that are subordinate to economic vested interests. Karl Polanyi was a Hungarian emigrho witnessed first hand the cataclysms to which this political economic crisis can lead. He created a powerful social economic theory to analyze this institutional impasse and lay the foundation for social reconstruction. This book reviews Polanyi's life and work, his contributions to the methodology of economics, his concepts of social integration, his theory of market capitalism, and his view of freedom in complex industrial societies. |
Contents
THE METHODOLOGY OF ECONOMICS | 26 |
SOCIAL AND ECONOMIC INTEGRATION | 54 |
THE POLITICAL ECONOMY OF MARKET | 93 |
INDUSTRIALISM AND FREEDOM | 125 |
Notes | 151 |
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The Economic Thought of Karl Polanyi: Lives and Livelihood James Ronald Stanfield No preview available - 2014 |
Common terms and phrases
action Aristotle behaviour character choice comparative economic systems conception concern cultural disembedded economy division of labour E. F. Schumacher economic activity economic anthropology economic history economic process economic theory Economic Thought economistic fallacy empirical ethnocentrism existence form of integration formal formalist freedom function gain George Dalton Harry Pearson household Ibid ideology important individual influence insistence institutional analysis Institutionalists institutionalized intellectual interest J. K. Galbraith Karl Polanyi land liberal limited livelihood logic market capitalism market economy market exchange market form market mentality market myth Marshall Sahlins Marxism material means methodological modern moral motive nature needs nineteenth century organization Owen PAME patterns political economy primitive economies primitive society principle problem production protective response provisioning reality of society redistribution relations relationships requirements Sahlins scarcity self-regulating market economy sense social economy subordinate substantive economy substantivist Thorstein Veblen TMEE trade transformation University utopian