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The Contemporary Relevance of Karl Polanyi to Critical Social Enterprise Scholarship

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  • Michael J. Roy
  • Suzanne Grant

Abstract

The importance of the work of Karl Polanyi to social enterprise scholarship is often maintained. However, explanations as to how and why his ideas are so relevant to the field are still relatively scarce. In this essay, we argue that engaging with Polanyi’s work directly, and Polanyian scholarship more widely, can provide a deep understanding of the underlying assumptions within current social enterprise conceptualizations, and provide insights into how the relative positioning of market and society may be manipulated to maintain hegemonic positions. Three of Polanyi’s key concepts are considered and discussed in turn: the ‘substantive economy’, the notion of ‘embeddedness’, and his ‘double movement’ thesis. The contemporary relevance of each concept, and the implications for future research, are presented and discussed, with a view to providing a platform from which to pursue a reinvigorated, emancipatory critical research agenda.

Suggested Citation

  • Michael J. Roy & Suzanne Grant, 2020. "The Contemporary Relevance of Karl Polanyi to Critical Social Enterprise Scholarship," Journal of Social Entrepreneurship, Taylor & Francis Journals, vol. 11(2), pages 177-193, May.
  • Handle: RePEc:taf:jsocen:v:11:y:2020:i:2:p:177-193
    DOI: 10.1080/19420676.2019.1621363
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    Cited by:

    1. Ziegler, Rafael & Bauwens, Thomas & Roy, Michael J. & Teasdale, Simon & Fourrier, Ambre & Raufflet, Emmanuel, 2023. "Embedding circularity: Theorizing the social economy, its potential, and its challenges," Ecological Economics, Elsevier, vol. 214(C).
    2. Nitha Palakshappa & Sarah Dodds & Suzanne Grant, 2024. "Tension and Paradox in Women-Oriented Sustainable Hybrid Organizations: A Duality of Ethics," Journal of Business Ethics, Springer, vol. 190(2), pages 327-346, March.

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