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Double movements and disembedded economies: a response to Richard Sandbrook

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  • Goodwin, Geoff

Abstract

Richard Sandbrook (this issue) makes an important contribution to Polanyian debates in his typically insightful article on the double movement. However, his reading of the concept has limitations when used to analyse the historical evolution of capitalism and the current conjuncture. The merits and limits of his analysis are outlined in this article through the discussion of three core Polanyian concepts — disembedded economy, decommodification and countermovement. The article concludes by signposting the contribution Polanyian analysis can make to efforts to decolonize knowledge and reimagine the economy in the wake of the COVID-19 pandemic.

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  • Goodwin, Geoff, 2022. "Double movements and disembedded economies: a response to Richard Sandbrook," LSE Research Online Documents on Economics 113686, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:113686
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    Cited by:

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    2. Hannah Stokes-Ramos, 2023. "Rethinking Polanyi's double movement through participatory justice: Land use planning in Puerto Rico," Environment and Planning A, , vol. 55(8), pages 1970-1988, November.
    3. Renato H. de Gaspi & Pedro Perfeito da Silva, 2024. "The Sectoral Politics of Industrial Policy Making in Brazil: A Polanyian Interpretation," Development and Change, International Institute of Social Studies, vol. 55(3), pages 398-428, May.

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    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics

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