IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/48957.html
   My bibliography  Save this paper

Karl Polanyi and the New Economic Sociology: Notes on the Concept of (Dis)embeddedness

Author

Listed:
  • Cardoso Machado, Nuno Miguel

Abstract

Within the context of the New Economic Sociology, Karl Polanyi is almost universally considered the “father” of the concept of embeddedness. However, this concept has been subject to selective appropriation by this discipline and its relationship to the remaining theoretical edifice constructed by Polanyi has been neglected. It is, in fact, possible to refer to the “great transformation” to which the concept of embeddedness has been subjected: whereas in Polanyi’s work it is associated with the macro(economic) level and is used as evidence of the exceptional nature of the capitalist market economy –disembedded from society – in NES, it is normally associated with the meso (and even micro) level, on the assumption that all economies – including capitalist economies – are embedded

Suggested Citation

  • Cardoso Machado, Nuno Miguel, 2011. "Karl Polanyi and the New Economic Sociology: Notes on the Concept of (Dis)embeddedness," MPRA Paper 48957, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:48957
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/48957/1/MPRA_paper_48957.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. J. R. Stanfield, 1986. "The Economic Thought of Karl Polanyi," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-18434-7, December.
    2. Beckert, Jens, 2007. "The Great Transformation of Embeddedness: Karl Polanyi and the New Economic Sociology," MPIfG Discussion Paper 07/1, Max Planck Institute for the Study of Societies.
    3. Jens Beckert, 2003. "Economic Sociology and Embeddedness: How Shall We Conceptualize Economic Action?," Journal of Economic Issues, Taylor & Francis Journals, vol. 37(3), pages 769-787, September.
    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. Maucourant, Jérôme & Plociniczak, Sébastien, 2011. "Penser l’institution et le marché avec Karl Polanyi," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 10.
    2. Barry L. Isaac, 2012. "Karl Polanyi," Chapters, in: James G. Carrier (ed.), A Handbook of Economic Anthropology, Second Edition, chapter 1, Edward Elgar Publishing.
    3. Ian Greer & Thorsten Schulten & Nils Böhlke, 2013. "How Does Market Making Affect Industrial Relations? Evidence from Eight German Hospitals," British Journal of Industrial Relations, London School of Economics, vol. 51(2), pages 215-239, June.
    4. Bird, Miriam & Wennberg, Karl, 2014. "Regional influences on the prevalence of family versus non-family start-ups," Journal of Business Venturing, Elsevier, vol. 29(3), pages 421-436.
    5. Abdul Karim Aldohni, 2017. "The UK New Regulatory Framework of High-Cost Short-Term Credit: Is There a Shift Towards a More “Law and Society” Based Approach?," Journal of Consumer Policy, Springer, vol. 40(3), pages 321-345, September.
    6. repec:spo:wpmain:info:hdl:2441/f5vtl5h9a73d5ls976m3igpqi is not listed on IDEAS
    7. José Joaquín Brunner, 2018. "Sobre las contradicciones culturales del liberalismo y sus malestares," Estudios Públicos, Centro de Estudios Públicos, vol. 0(150), pages 161-233.
    8. Alexander Ebner, 2015. "Marketization: Theoretical Reflections Building on the Perspectives of Polanyi and Habermas," Review of Political Economy, Taylor & Francis Journals, vol. 27(3), pages 369-389, July.
    9. Phillip O’Hara, 2011. "Stanfield’s Concepts of Social and Political Economy: Introduction to the Special Issue," Forum for Social Economics, Taylor & Francis Journals, vol. 40(1), pages 1-5, January.
    10. Roth, Steffen, 2010. "Beyond the one best market: an essay on trans-economic exchange rates," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 130(5), pages 66-79.
    11. Pablo Nemina, 2015. "Acción económica e incertidumbre: el aporte de Jens Beckert a la sociología económica," Revista Equidad y Desarrollo, Universidad de la Salle, May.
    12. Georgina M. Gómez, 2018. "Why do people want currency? Institutions, habit, and bricolage in an Argentine marketplace," Evolutionary and Institutional Economics Review, Springer, vol. 15(2), pages 413-430, December.
    13. Phillip Anthony O’Hara, 2015. "Capital, Economic Crises, Institutions and History," Review of Radical Political Economics, Union for Radical Political Economics, vol. 47(3), pages 477-490, September.
    14. Michel Renault & Yvan Renou, 2007. "Processus d'individuation, éthique et pragmatisme. A la recherche de fondements théoriques pour appréhender la firme partenariale," Post-Print halshs-00202148, HAL.
    15. Doug Brown, 2011. "The Polanyi-Stanfield Contribution: Reembedded Globalization," Forum for Social Economics, Taylor & Francis Journals, vol. 40(1), pages 63-77, January.
    16. Beckert, Jens, 2011. "Imagined futures. Fictionality in economic action," MPIfG Discussion Paper 11/8, Max Planck Institute for the Study of Societies.
    17. Phillip O’Hara, 2011. "Economic Surplus, Social Reproduction, Nurturance and Love," Forum for Social Economics, Springer;The Association for Social Economics, vol. 40(1), pages 19-40, April.
    18. Vargas-Hernandez, José G., 2014. "Reflections on the Impact of the New Economic, Sociological and Historical Institutionalism in Institutional Social Policy," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 1(2), pages 202-215.
    19. Green, Mitchell, 2014. "Electrification in the Pacific Northwest and Problem of Embeddedness," MPRA Paper 59874, University Library of Munich, Germany.
    20. Timur Han Gür & Naci Canpolat & Hüseyin Özel, 2011. "The Crisis and After: There Is No Alternative?," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(1), pages 113-133, March.
    21. Robert Dimand, 2003. "Book Review: The Life and Work of Karl Polanyi Kari Polanyi-Levitt, ed.; Montreal, Canada: Black Rose Books, 1990, 264 pp. (paperback); Karl Polanyi in Vienna: The Contemporary Significance of The Gre," Review of Radical Political Economics, Union for Radical Political Economics, vol. 35(1), pages 86-88, March.

    More about this item

    Keywords

    capitalism; market economy; embeddedness; Karl Polanyi; New Economic Sociology.;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • P10 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - General
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

    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:pra:mprapa:48957. 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    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.