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Karl Polanyi and substantivism in economic development

Author

Listed:
  • Waldecy Rodrigues
  • Nayara Silva dos Santos

Abstract

A reading of Karl Polanyi's work gives us a broader and more plural view of the development process beyond the exclusively economic dimension. This scientific textaims to recover the theoretical contribution of Karl Polanyi and its contribution to the understanding of the development process from a plural and substantive conception of economy. The key lesson learned in this research is that regardless of a country's economic system, one should pay attention to the existing institutional variety and complexity of its cultural and social mosaic. True development will only be achieved if it is structured with effective public policies in order to promote this heterogeneity to the maximum possible social welfare. JEL Classification: B59.

Suggested Citation

  • Waldecy Rodrigues & Nayara Silva dos Santos, 2020. "Karl Polanyi and substantivism in economic development," Brazilian Journal of Political Economy, Center of Political Economy, vol. 40(1), pages 86-99.
    • Handle: RePEc:ekm:repojs:v:40:y:2020:i:1:p:86-99:id:127
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/127/115
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    Citations

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    Cited by:

    1. Abdulkadir Senkal, 2022. "Polanyi’nin Perspektifinden Sosyal Politikayi Okumak: Piyasa, Refah ve Emek Sorunsali," Journal of Social Policy Conferences, Istanbul University, Faculty of Economics, vol. 0(82), pages 1-33, June.

    More about this item

    Keywords

    Economic development; Karl Polanyi; plural economy;
    All these keywords.

    JEL classification:

    • B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other

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