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Karl Polanyi information


Karl Polanyi
Polanyi, c. 1918
Born25 October 1886
Vienna, Austria-Hungary
Died23 April 1964(1964-04-23) (aged 77)
Pickering, Ontario, Canada
Spouse
Ilona Duczynska
(m. 1923)
ChildrenKari Polanyi Levitt
Relatives
  • Michael Polanyi (brother)
  • John Polanyi (nephew)
  • Eva Zeisel (niece)
Academic career
FieldEconomic sociology, economic history, economic anthropology
School or
tradition
Historical school of economics
InfluencesRobert Owen, Bronisław Malinowski, G. D. H. Cole, Richard Tawney, Richard Thurnwald, Karl Marx, Aristotle, Karl Bücher, Ferdinand Tönnies, Adam Smith, Alfred Radcliffe-Brown, Werner Sombart, Max Weber, György Lukács, Carl Menger
ContributionsEmbeddedness, Double Movement, fictitious commodities, economistic fallacy, the formalist–substantivist debate (substantivism)

Karl Paul Polanyi (/pˈlænji/; Hungarian: Polányi Károly [ˈpolaːɲi ˈkaːroj]; 25 October 1886 – 23 April 1964),[1] was an Austro-Hungarian economic anthropologist, economic sociologist, and politician,[2] best known for his book The Great Transformation, which questions the conceptual validity of self-regulating markets.[3]

In his writings, Polanyi advances the concept of the Double Movement, which refers to the dialectical process of marketization and push for social protection against that marketization. He argues that market-based societies in modern Europe were not inevitable but historically contingent. Polanyi is remembered best as the originator of substantivism, a cultural version of economics, which emphasizes the way economies are embedded in society and culture. This opinion is counter to mainstream economics but is popular in anthropology, economic history, economic sociology and political science.

Polanyi's approach to the ancient economies has been applied to a variety of cases, such as Pre-Columbian America and ancient Mesopotamia, although its utility to the study of ancient societies in general has been questioned.[4] Polanyi's The Great Transformation became a model for historical sociology. His theories eventually became the foundation for the economic democracy movement.

Polanyi was active in politics, and helped found the National Citizens' Radical Party in 1914, serving as its secretary.

  1. ^ Encyclopædia Britannica (Chicago: Encyclopædia Britannica Inc. 2003) vol 9. p. 554
  2. ^ "Karl Polanyi | Hungarian politician | Britannica". www.britannica.com. Retrieved 3 August 2022.
  3. ^ "Karl Polanyi". Oxford Reference. Retrieved 26 July 2021.
  4. ^ Silver 2007.

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particularly associated with the Hungarian-American political economist Karl Polanyi and his book The Great Transformation, first published in 1944. David...

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concept of fictitious commodities (or false commodities) originated in Karl Polanyi's 1944 book The Great Transformation and refers to anything treated as...

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the social relations embedded within the economy. First proposed by Karl Polanyi he argues that the term "economics" has two meanings. The formal meaning...

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these elements. According to influential socialist economic historian Karl Polanyi's classic account, the forceful transformation of land, money and especially...

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cross-cultural comparison. Economic anthropologists such as Marshall Sahlins, Karl Polanyi, Marcel Mauss and Maurice Godelier have demonstrated that in traditional...

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and anthropologist John Victor Murra under the influence of economist Karl Polanyi to describe the native Andean agricultural economic model of accessing...

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society in which people will not suffer from hunger." Social historian Karl Polanyi wrote that before markets became the world's dominant form of economic...

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