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Karl Polanyi
Karl Polanyi (1886-1964) was one of the twentieth century's most original interpreters of the market economy. His penetrating analysis of globalization's disruptions and the Great Depression's underlying causes still serves as an effective counterargument to free market fundamentalism. This biography shows how the major personal and historical events of his life transformed him from a bourgeois radical into a Christian socialist but also informed his ambivalent stance on social democracy, communism, the New Deal, and the shifting intellectual scene of postwar America.
The narrative begins with Polanyi's childhood in the Habsburg Empire and his involvement with the Great War and Hungary's postwar revolution. It connects Polanyi's idealistic radicalism to the political promise and intellectual ferment of Red Vienna and the horror of fascism. The book revisits Polanyi's oeuvre in English, German, and Hungarian, includes exhaustive research in five archives, and features interviews with Polanyi's daughter, students, and colleagues, clarifying the contradictory aspects of the thinker's work. These personal accounts also shed light on Polanyi's connections to scholars, Christians, atheists, journalists, hot and cold warriors, and socialists of all stripes.Karl Polanyi: A Life on the Leftengages with Polanyi's biography as a reflection and condensation of extraordinary times. It highlights the historical ruptures, tensions, and upheavals that he sought to capture and comprehend and, in telling his story, engages with the intellectual and political history of a turbulent epoch.
eBook
In search of Karl Polanyi’s International Relations theory
Karl Polanyi is principally known as an economic historian and a theorist of international political economy. His theses are commonly encountered in debates concerning globalisation, regionalism, regulation and deregulation, and neoliberalism. But the standard depiction of his ideas is based upon a highly restricted corpus of his work: essentially, his published writings, in English, from the 1940s and 1950s. Drawing upon a broader range of Polanyi’s work in Hungarian, German, and English, this article examines his less well-known analyses of international politics and world order. It sketches the main lineaments of Polanyi’s international thought from the 1910s until the mid-1940s, charting his evolution from Wilsonian liberal, via debates within British pacifism, towards a position close to E. H. Carr’s realism. It reconstructs the dialectic of universalism and regionalism in Polanyi’s prospectus for postwar international order, with a focus upon his theory of ‘tame empires’ and its extension by neo-Polanyian theorists of the ‘new regionalism’ and European integration. It explores the tensions and contradictions in Polanyi’s analysis, and, finally, it hypothesises that the failure of his postwar predictions provides a clue as to why his research on international relations dried up in the 1950s.
Journal Article
Reconstructing Karl Polanyi
Karl Polanyi was one of the most influential political economists of the twentieth century and is widely regarded as the most gifted of social democratic theorists. In Reconstructing Karl Polanyi, Gareth Dale, one of the foremost scholars of Polanyi, provides a sweeping survey of his contributions to the social sciences. Polanyi’s intellectual and political outlook can best be summarised through paradoxical formulations such as ‘liberal socialist’ and ‘cosmopolitan patriot’. In exploring these paradoxes, Dale draws upon a wide array of primary sources to reconstruct Polanyi’s views on a range of topics that have been neglected in the critical literature, including the history of antiquity, the evolution and dynamics of Stalin’s Russia, McCarthyism and his critical dialogue with Marxism. Dale also analyses Polanyi’s relevance to current issues, notably the ‘clash’ between democracy and capitalism, and the nature and trajectory of European unification. This is an essential and original study for anyone interested in the formation and application of social democracy.
eBook
Karl Polanyi : the Hungarian writings
\"Karl Polanyi (1886-1964), a Hungarian-born thinker, is renowned for his seminal text, The Great Transformation, and his writings on political economy. This is the first work to offer a collection of Polanyi's texts never before published in English. The book presents articles, papers, lectures, speeches, notes, and draft manuscripts, mostly written between 1907 and 1923, with the exception of a few later texts. Organized thematically around religion, ethics, ideology, world politics, and Hungarian politics, the topics include contemporary thinkers, the Galilei Circle (an influential youth organization), the Tisza government, the Aster and the Bolshevik Revolutions, the Councils Republic, the Radical Citizens' Party, Hungarian democracy, the national question, political conviction, fatalism, British socialism, political theory and violence, and more. Each section includes a discussion of the political and intellectual contexts in which the texts were written.Karl Polanyi: The Hungarian Writings is an outstanding and essential resource that brings to light for the first time the works of a key thinker who is relevant to today's study of globalization, neoliberalism, social movements, and international social policy\"--Back cover.
Book
Comment on Fred Block and Margaret R. Somers's \Karl Polanyi in an Age of Uncertainty\ (reviewing Gareth Dale's \Karl Polanyi: A Life on the Left\) (\CS\ 464:379–392)
Comment on Fred Block and Margaret R. Somers’s “Karl Polanyi in an Age of Uncertainty” (reviewing Gareth Dale’s Karl Polanyi: A Life on the Left) (Contemporary Sociology 46[4]:379–392)
Journal Article
Lineages of Embeddedness: On the Antecedents and Successors of a Polanyian Concept
Since the 1980s, much debate has revolved around Karl Polanyi's concept of the \"dis/embedded economy,\" generating some light and not a little heat. This paper looks at three reasons that account for part of the \"heat.\" It begins by tracing the sources upon which Polanyi drew. They include Karl Marx, Ferdinand Tönnies, and Max Weber, along with anthropology of the inter-war period, and German and American Institutionalist economics. After exploring the differing ways in which these varying currents conceptualize the relationship between economy and society, I explore the different interpretations of what Polanyi means by embeddedness, and the different purposes to which contemporary economic sociologists have put the term. For some, he is held up as the originator of a line of sociological analysis that treats \"the economy\" as a subsystem \"embedded in\" a social system. In this reading the emphasis is upon the moral underpinnings of market behavior, in contrast to the naturalism of Ricardo, Malthus and their heirs. For others, his \"disembedding\" thesis contains a more radical tale: of the market economy coming to dominate \"society,\" bringing forth a sorcerer's apprentice world of untrammeled market forces that, although human creations, lie beyond conscious human control.
Journal Article