IDEAS home Printed from https://ideas.repec.org/a/sae/reorpe/v49y2017i1p100-113.html
   My bibliography  Save this article

Polanyi and Foucault on the Issue of Market in Classical Political Economy

Author

Listed:
  • Danielle Guizzo
  • Iara Vigo de Lima

Abstract

Studies have pointed out that the value of markets is related to their impact on the character of a society. Karl Polanyi’s thesis about social disembeddedness attributed to 19 th century economic liberalism the responsibility for consolidating the process of separating markets from society, which changed the dynamics between the state and population when economic rationality began dictating their connections. However, Polanyi only suggested analyses regarding power relations between these three elements and their effects on the social context. This paper argues that Michel Foucault’s writings concerning technologies of power and biopolitics complement Polanyi’s considerations insofar as they provide an understanding about how biopolitics emerged and how this led to a new posture of the state regarding population care and economic environment regulation.

Suggested Citation

  • Danielle Guizzo & Iara Vigo de Lima, 2017. "Polanyi and Foucault on the Issue of Market in Classical Political Economy," Review of Radical Political Economics, Union for Radical Political Economics, vol. 49(1), pages 100-113, March.
    • Handle: RePEc:sae:reorpe:v:49:y:2017:i:1:p:100-113
    DOI: 10.1177/0486613415621745
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0486613415621745
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0486613415621745?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Bob Jessop, 2007. "Knowledge as a Fictitious Commodity: Insights and Limits of a Polanyian Perspective," Palgrave Macmillan Books, in: Reading Karl Polanyi for the Twenty-First Century, chapter 6, pages 115-133, Palgrave Macmillan.
    2. James Ronald Stanfield & Jacqueline B. Stanfield, 2006. "The Protective Response and the Evolution of the Capitalist State," Palgrave Macmillan Books, in: Steven Pressman (ed.), Alternative Theories of the State, chapter 3, pages 34-63, Palgrave Macmillan.
    3. Manfred Bienefeld, 2007. "Suppressing the Double Movement to Secure the Dictatorship of Finance," Palgrave Macmillan Books, in: Reading Karl Polanyi for the Twenty-First Century, chapter 1, pages 13-31, Palgrave Macmillan.
    4. Hannes Lacher, 2007. "The Slight Transformation: Contesting the Legacy of Karl Polanyi," Palgrave Macmillan Books, in: Reading Karl Polanyi for the Twenty-First Century, chapter 3, pages 49-64, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sonja Novkovic, 2022. "Cooperative identity as a yardstick for transformative change," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 93(2), pages 313-336, June.
    2. Matthew Thompson & Vicky Nowak & Alan Southern & Jackie Davies & Peter Furmedge, 2020. "Re-grounding the city with Polanyi: From urban entrepreneurialism to entrepreneurial municipalism," Environment and Planning A, , vol. 52(6), pages 1171-1194, September.
    3. Christian Berndt & Marion Werner & Víctor Ramiro Fernández, 2020. "Postneoliberalism as institutional recalibration: Reading Polanyi through Argentina’s soy boom," Environment and Planning A, , vol. 52(1), pages 216-236, February.
    4. Zygmuntowski, Jan J. & Zoboli, Laura & Nemitz, Paul, 2021. "Embedding European values in data governance: A case for public data commons," Internet Policy Review: Journal on Internet Regulation, Alexander von Humboldt Institute for Internet and Society (HIIG), Berlin, vol. 10(3), pages 1-29.
    5. Bruno Tinel, 2015. "The embedded state and social provisioning: insights from Norbert Elias," Post-Print halshs-01199416, HAL.
    6. Jun Zhang, 2017. "Commodifying art, Chinese style: The making of China’s visual art market," Environment and Planning A, , vol. 49(9), pages 2025-2045, September.
    7. Troy, Irene & Werle, Raymund, 2008. "Uncertainty and the market for patents," MPIfG Working Paper 08/2, Max Planck Institute for the Study of Societies.
    8. Faulconbridge, James R. & Muzio, Daniel, 2020. "Karl Polanyi on strategy: The effects of culture, morality and double-movements on embedded strategy," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 73(C).
    9. Bruno Tinel, 2015. "The embedded state and social provisioning: insights from Norbert Elias," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01199416, HAL.

    More about this item

    Keywords

    Karl Polanyi; embeddedness; classical economic liberalism; Michel Foucault; biopolitics;
    All these keywords.

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:reorpe:v:49:y:2017:i:1:p:100-113. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.urpe.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.