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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interviews with Polanyi’s daughter, Kari Polanyi-Levitt, as well as the entire compass of his own published and unpublished writings in English and German.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.
"The Ancient Economy holds pride of place among the handful of genuinely influential works of ancient history. This is Finley at the height of his remarkable powers and in his finest role as historical iconoclast and intellectual provocateur. It should be required reading for every student of pre-modern modes of production, exchange, and consumption."—Josiah Ober, author of Political Dissent in Democratic Athens
Ancient Economies, Modern Methodologies is a collection of essays which focuses on the art of questioning; it is about ideas and analytical experiment. Ancient economic history has developed enormously since the publication of M.I. Finley’s The Ancient Economy in 1973. Much new material has been brought to bear on the debate on the character of economic life in the Greek and Roman world. But, at the same time, discussions have been going round in circles. This is because not enough attention has been given to the questions ancient historians ask and the concepts with which they approach the economy. In this collection, an attempt is made to renew the terms of the debate by presenting a wide variety of new analytical approaches to ancient economic history ranging from literary theory, cross-cultural comparison, statistical analysis of archaeological data to neo-institutional economics and model-building.
This edited volume presents a multi-perspectival inquiry into the models that have shaped the study of ancient economies in past decades. The contributions collected here respond to the prevailing tendency to measure ancient Mediterranean economies using methods and techniques designed for assessing the performance of modern economies, considering a range of approaches that might generate a more socially and morally attuned history of the ancient Mediterranean. The volume explores the challenges of quantification and critically examines the ideological assumptions implicit within the models usually applied to the study of ancient economic performance. The chapters advocate for more inclusive alternatives to traditional ideas of ‘growth’ that take factors such as social inequality, fairness, wellbeing and the relationship between humans and the natural environment into consideration. The book examines through a series of different questions the importance of querying the appropriateness of economic methods from an ethical or socially aware position. Rather than condemning older models, methods, and points of view for their inadequacies, this book focuses on leveraging the benefits from existing methods in economics and suggesting new frameworks to reach toward historical approaches that are both methodologically sophisticated and attuned to the moral, ethical, and political concerns of the twenty-first century. This book will be a valuable resource for interdisciplinary researchers in economics, economic history, ancient history and archaeology.
In this book, Kenneth Hirth provides a comparative view of the organization of ancient and premodern society and economy. Hirth establishes that humans adapted to their environments, not as individuals but in the social groups where they lived and worked out the details of their livelihoods. He explores the variation in economic organization used by simple and complex societies to procure, produce, and distribute resources required by both individual households and the social and political institutions that they supported. Drawing on a wealth of archaeological, historic, and ethnographic information, he develops and applies an analytical framework for studying ancient societies that range from the hunting and gathering groups of native North America, to the large state societies of both the New and Old Worlds. Hirth demonstrates that despite differences in transportation and communication technologies, the economic organization of ancient and modern societies are not as different as we sometimes think.
At a recent meeting of the World Economic Forum in Davos, it was reported that a ghost was haunting the deliberations of the assembled global elite - that of the renowned social scientist and economic historian, Karl Polanyi. In his classic work, The Great Transformation, Polanyi documented the impact of the rise of market society on western civilization and captured better than anyone else the destructive effects of the economic, political and social crisis of the 1930s. Today, in the throes of another Great Recession, Polanyi’s work has gained a new significance. To understand the profound challenges faced by our democracies today, we need to revisit history and revisit his work. In this new collection of unpublished texts - lectures, draft essays and reports written between 1919 and 1958 - Polanyi examines the collapse of the liberal economic order and the demise of democracies in the inter-war years. He takes up again the fundamental question that preoccupied him throughout his work - the place of the economy in society - and aims to show how we might return to an economy anchored in society and its cultural, religious and political institutions. For anyone concerned about the danger to democracy and social life posed by the unleashing of capital from regulatory control and the dominance of the neoliberal ideologies of market fundamentalism, this important new volume by one of the great thinkers of the twentieth century is a must-read.
"The Ancient Economy holds pride of place among the handful of genuinely influential works of ancient history. This is Finley at the height of his remarkable powers and in his finest role as historical iconoclast and intellectual provocateur. It should be required reading for every student of pre-modern modes of production, exchange, and consumption."--Josiah Ober, author of Political Dissent in Democratic Athens