Polanyi’s Concept of Double Movement and Politics in the Contemporary Market Society

Ayşe Buğra

Chapter 9 in Reading Karl Polanyi for the Twenty-First Century, 2007, pp 173-189 from Palgrave Macmillan

Abstract: Abstract According to Polanyi, a self-regulating market system constitutes an order where the economy is “controlled, regulated and directed by markets alone; order in the production and distribution of goods is entrusted to this self-regulating mechanism.”1 It was such an order, which Polanyi described as “a stark utopia which could not exist for any extended period without annihilating the human and natural essence of society,”2 that constituted the centerpiece of nineteenth-century civilization. This civilization was different from all other human societies in which the economy was “embedded” in social institutions.

Keywords: Civil Society; Market Economy; Social Entrepreneurship; Complex Society; Governance Regime (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-60718-7_10

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DOI: 10.1057/9780230607187_10

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