Karl Polanyi and substantivism in economic development

Waldecy Rodrigues () and Nayara Silva dos Santos ()

Brazilian Journal of Political Economy, 2020, vol. 40, issue 1, 86-99

Abstract: A reading of Karl Polanyi's work gives us a broader and more plural view of the development process beyond the exclusively economic dimension. This scientific textaims to recover the theoretical contribution of Karl Polanyi and its contribution to the understanding of the development process from a plural and substantive conception of economy. The key lesson learned in this research is that regardless of a country's economic system, one should pay attention to the existing institutional variety and complexity of its cultural and social mosaic. True development will only be achieved if it is structured with effective public policies in order to promote this heterogeneity to the maximum possible social welfare. JEL Classification: B59.

Keywords: Economic development; Karl Polanyi; plural economy (search for similar items in EconPapers)
Date: 2020
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