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Karl Polanyi’s The Great Transformation is generally acclaimed as being among the most influential works of economic history in the twentieth century, and remains as vital in the current historical conjuncture as it was in his own. In its critique of nineteenth-century ‘market fundamentalism’ it reads as a warning to our own neoliberal age, and is widely touted as a prophetic guidebook for those who aspire to understand the causes and dynamics of global economic turbulence at the end of the 2000s. Karl Polanyi: The Limits of the Market is the first comprehensive introduction to Polanyi’s ideas and legacy. It assesses not only the texts for which he is famous – prepared during his spells in American academia – but also his journalistic articles written in his first exile in Vienna, and lectures and pamphlets from his second exile, in Britain. It provides a detailed critical analysis of The Great Transformation, but also surveys Polanyi’s seminal writings in economic anthropology, the economic history of ancient and archaic societies, and political and economic theory. Its primary source base includes interviews with Polanyi’s daughter, Kari Polanyi-Levitt, as well as the entire compass of his own published and unpublished writings in English and German. This engaging and accessible introduction to Polanyi’s thinking will appeal to students and scholars across the social sciences, providing a refreshing perspective on the roots of our current economic crisis.
DIVA sociology collection reviewing the state-of-historical-study in a wide range of areas while showcasing the use of poststructuralist approaches to studying family, gender, war, protest & revolution, state-making, social provisions, colonialism, trans/div
The 1990s promise to be a period of rapid political change, as old political boundaries dissolve and new political forces emerge. These changes throw into question our understanding of capitalism and socialism, of the character of the nation state, and of the relationship between the economy and the state. However, these changes are only the culmination of developments which have been unfolding over the past two decades. This book includes a comprehensive introductory survey, which sets the contributions collected here within the context of the wider debate.
'. . . makes a significant contribution.' - Tom Bottomore, University of Sussex, UK
The theory of crisis has always played a central role within Marxism, and yet has been one of its weakest elements. Simon Clarke's important new book provides the first systematic account of Marx's own writings on crisis, examining the theory within the context of Marx's critique of political economy and of the dynamics of capitalism. The book concentrates on the scientific interpretation and evaluation of the theory of crisis, and will be of interest to mainstream economists, as well as to sociologists, political scientists and students of Marx and Marxism.
Jukka Gronow’s book Deciphering Markets and Money solves the problem of the specific social conditions of an economic order based on money and the equal exchange of commodities. Gronow scrutinizes the relation of sociology to neoclassical economics and reflects on how sociology can contribute to the analyses of the major economic institutions. The question of the comparability and commensuration of economic objects runs through the chapters of the book. The author shows that due to the multidimensionality and principal quality uncertainty of products, markets would collapse without market devices that are either procedural, consisting of technical standards and measuring instruments, or aesthetic, relying on the judgements of taste, or both. In his book, Gronow demonstrates that in this respect, financial markets share the same problem as the markets of wines, movies, or PCs and mobile phones, and hence offer a highly actual case to study their social constitution in the process of coming into being.
Keynes was an elitist and pro-capitalist economist, whom the left should embrace with caution. But his analysis provides a concreteness missing from Marx and engages with critical issues of the modern world that Marx could not have foreseen. This book argues that a critical Marxist engagement can simultaneously increase the power of Keynes’s insight and enrich Marxism. To understand Keynes, whose work is liberally invoked but seldom read, Dunn explores him in the context of the extraordinary times in which he lived, his philosophy, and his politics. By offering a detailed overview of Keynes’s critique of mainstream economics and General Theory, Dunn argues that Keynes provides an enduringly valuable critique of orthodoxy. The book develops a Marxist appropriation of Keynes’s insights, arguing that a Marxist analysis of unemployment, capital and the role of the state can be enriched through such a critical engagement. The point is to change the world, not just to understand it. Thus the book considers the prospects of returning to Keynes, critically reviewing the practices that have come to be known as ‘Keynesianism’ and the limits of the theoretical traditions that have made claim to his legacy.
First Published in 2004. The nature of modernity, and its connection with capitalism, are questions at the forefront of contemporary sociological debate. Derek Sayer re-examines the answers given by Karl Marx and Max Weber, authors of two of the most profound sociological critiques of modernity. His reassessment of Marx and Weber on capitalism and modernity provides a new reading which reveals the remarkable consonances between their sociologies of the modern condition. Going beyond the well-known stereotypes of ‘the Marx-Weber debate’, Professor Sayer shows that both Marx and Weber produced a challenging critique of the nature of power and subjectivity in modern society, a critique which retains all its intellectual force and moral relevance today. A major work of original scholarship, Capitalism and Modernity is clearly and accessibly written. It is an authoritative and provocative commentary on a debate central to modern sociology and politics and will be a key text in social theory for students of sociology, politics and philosophy.