Karl Polanyi and Socio-Economics
Karl Polanyi and Socio-Economics
Karl Polanyi and Socio-Economics
Faculty of Hummanities,
Nicolaus Copernicus University in Toruń
[email protected]
3. Attempts at reconciliatin
a) cultural vesrsus institutional embeddedness
2. Main claims:
2. Main claims:
2. Main claims:
Source: Gemici, K. (2008), ‘Karl Polanyi and the Antinomies of Embeddedness’, Socio-
Economic Review, 6,
New Conflict of Faculties II:
Sociologistic Fallacy
This same result is obtained by the “sociologistic fallacy” consisting in
the thesis of the “always embedded economy.” Again, the “specific
difference” characterizing the market system, and therefore the most
general institutional traits of our society and its dynamics, tend in this
way to be excluded from the horizon of social sciences. Will future
historians consider this elusive attitude, and the misunderstanding
concerning Polanyi’s theoretical achievements, as a revealing aspect of
our age of neoliberal consensus?
Source: Cangiani, M. (2011), ‘Karl Polanyi’s Institutional Theory: Market Society and Its
“Disembedded” Economy’, Journal of Economic Issues, vol. 45, issue 1,
Embeddedness and process metaphor
Economy as instituted process: