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“Social Freedom” in the Twenty-First Century: Rereading Polanyi

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  • Michele Cangiani

Abstract

Karl Polanyi’s analysis of the genesis, crises, and institutional transformations of contemporary society is grounded on a theory of the basic features and dynamics of capitalism as a peculiar form of society. This article intends to develop this thesis on the basis of a reading of Polanyi’s The Great Transformation, with references to Polanyi’s preceding and later research. Polanyi’s theoretical and methodological achievements suggest a wide comparative outlook and offer a critique of economics, in addition to being deeply connected with his political philosophy. Polanyi’s approach seems to be nearer to the original institutional thought — from Karl Marx to Thorstein Veblen, from Max Weber to Adolf Löwe and Karl William Kapp — than to current neo-institutional tendencies in economics, sociology, and historiography. The hard problems society presently faces suggest the need to adhere to Polanyi’s radical point of view — that is, to a radical approach to Polanyi’s thought.

Suggested Citation

  • Michele Cangiani, 2017. "“Social Freedom” in the Twenty-First Century: Rereading Polanyi," Journal of Economic Issues, Taylor & Francis Journals, vol. 51(4), pages 915-938, October.
    • Handle: RePEc:mes:jeciss:v:51:y:2017:i:4:p:915-938
    DOI: 10.1080/00213624.2017.1391565
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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.

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