Karl Polanyi

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Karl Polanyi


Born
in Vienna, Austria-Hungary
October 25, 1886

Died
April 23, 1964

Genre

Influences


Karl Paul Polanyi was an Austro-Hungarian economic historian, economic anthropologist, economic sociologist, political economist, historical sociologist and social philosopher. He is known for his opposition to traditional economic thought and for his book, The Great Transformation, which argued that the emergence of market-based societies in modern Europe was not inevitable but historically contingent. Polanyi is remembered today as the originator of substantivism, a cultural approach to economics, which emphasized the way economies are embedded in society and culture. This view ran counter to mainstream economics but is popular in anthropology, economic history, economic sociology and political science.

Polanyi's approach to the ancient ec
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Average rating: 4.2 · 5,081 ratings · 347 reviews · 46 distinct worksSimilar authors
The Great Transformation: T...

4.21 avg rating — 4,980 ratings — published 1944 — 98 editions
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Trade and Market in the Ear...

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3.86 avg rating — 36 ratings — published 1957 — 7 editions
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The Livelihood of Man

4.14 avg rating — 21 ratings — published 1977 — 5 editions
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Economy and Society: Select...

4.50 avg rating — 16 ratings — published 2008 — 5 editions
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Primitive, Archaic, and Mod...

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3.94 avg rating — 18 ratings — published 1971 — 5 editions
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Nuestra Obsoleta Mentalidad...

3.65 avg rating — 17 ratings
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For a New West: Essays, 191...

3.80 avg rating — 15 ratings — published 2013 — 15 editions
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Los límites del mercado

3.58 avg rating — 12 ratings3 editions
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Dahomey and the Slave Trade...

3.89 avg rating — 9 ratings — published 1988 — 9 editions
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Europa en descomposición

really liked it 4.00 avg rating — 8 ratings
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More books by Karl Polanyi…
Quotes by Karl Polanyi  (?)
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“...To allow the market mechanism to be sole director of the fate of human beings and their natural environment, indeed, even of the amount and use of purchasing power, would result in the demolition of society. For the alleged commodity, "labor power" cannot be shoved about, used indiscriminately, or even left unused, without affecting the human individual who happens to be the bearer of this peculiar commodity. In disposing of a man's labor power the system would, incidentally, dispose of the physical, psychological, and moral entity of "man" attached to the tag. Robbed of the protective covering of cultural institutions, human beings would perish from the the effects of social exposure; they would die as the victims of acute social dislocation through vice, perversion, crime, and starvation. Nature would be reduced to its elements, neighborhoods and landscapes defiled, rovers polluted, military safety jeopardized, the power to produce food and raw materials destroyed...”
Karl Polanyi, The Great Transformation: The Political and Economic Origins of Our Time

“Our thesis is that the idea of a self-adjusting market implied a stark utopia. Such an institution could not exist for any length of time without annihilating the human and natural substance of society; it would have physically destroyed man and transformed his surroundings into a wilderness.”
Karl Polanyi, The Great Transformation: The Political and Economic Origins of Our Time

“the organization of labor is only another word for the forms of life of the common people, this means that the development of the market system would be accompanied by a change in the organization of society itself. All along the line, human society had become an accessory of the economic system.”
Karl Polanyi, The Great Transformation: The Political and Economic Origins of Our Time

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