Category Archives: Polanyi (Karl)

Karl Polanyi, The Great Transformation and a new political economy

hose leafing through books on political economy, studying the theory and history of economics, 1944 is a pivotal year. Friedrich Hayek published his book The Road to Serfdom and John Maynard Keynes was in the midst of helping to establish the Bretton Woods system. Between the two of them, their economic theories and books helped shape the political and economic policies of the post-war period. However, in the wake of the 2008 financial crisis, there has been a call to find an alternative approach as neither Keynesian nor Hayekian solutions feel suitable for the post-crisis situation we find ourselves in.

There is another political economist whose work might offer a solution, or at least a different perspective. His name is Karl Polanyi (pictured below right) and his most famous work, The Great Transformation, was also published in 1944. The University of Warwick’s Professor Ben Clift, Professor Matthew Watson and Dr Christopher Holmes make the case for why George Osborne, Ed Balls, the members of the European Commission and you might all want to add the book to your reading lists.

via Karl Polanyi, The Great Transformation and a new political economy.

Kari Polanyi Levitt – Biography

n the mid 1960s she was asked by the New Democratic Party of Canada to develop a position paper on the issue of foreign ownership. In this context she analysed the effects of foreign direct investment on the host country, illustrated by the case of Canada. An early version of this work was published in 1968 in the New World Quarterly, a Caribbean journal of political and cultural commentary, as ‘Economic Dependence and Political Disintegration: The Case of Canada’. (see Caribbean connection) Further work based on this manuscript resulted in the publication of Silent Surrender: The Multinational Corporation in Canada in 1970.

via Biography.

Περιοδικό Άρδην – Εφημερίδα Ρήξη – Ο Καρλ Πολάνυι, η Αθήνα κι εμείς: η επικαιρότητα της σκέψης του Πολάνυι (Α΄ Μέρος)

Εκτός της διπλής κίνησης, μια δεύτερη σημαντική ιδέα που επεξεργάστηκε ο Πολάνυι είναι εκείνη του ριζώματος, που συζητήσαμε εν συντομία στο πρώτο μέρος. Αυτή η έννοια παίζει κεντρικό ρόλο στη θεωρητική του κατασκευή, επειδή του επιτρέπει να δείξει ότι η οργάνωση της οικονομίας, η στηριγμένη σε εντελώς ανεξέλεγκτες αγορές, δεν συνιστά βασική ανάγκη της ανθρωπότητας. Ο Μπλοκ (Block 2001, σ. xxiv) εξηγεί ότι το ρίζωμα:

Eκφράζει την αντίληψη ότι η οικονομία δεν είναι αυτόνομη, όπως διδάσκει η οικονομική θεωρία, αλλά υποτάσσεται στην πολιτική, τη θρησκεία και τις κοινωνικές σχέσεις.

via Περιοδικό Άρδην – Εφημερίδα Ρήξη – Ο Καρλ Πολάνυι, η Αθήνα κι εμείς: η επικαιρότητα της σκέψης του Πολάνυι (Α΄ Μέρος).

Murray Bookchin – (1/8) – ‘Urbanization Against Cities’ – 1993 – YouTube

This is the first half of Bookchin’s first day delivering his lectures based upon his book, Urbanization Against Cities (later as ‘From Urbanization to Cities’), at the Karl Polanyi Institute, Concordia Univeristy, Montreal, March 16, 1993.

via Murray Bookchin – (1/8) – ‘Urbanization Against Cities’ – 1993 – YouTube.

Re-Embedding the Economy – YouTube

Re-Embedding the Economy – YouTube.