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The Strong Embrace of Weak Actors: Explaining Social Support for Economic Liberalization through the Case Study of Small Business Associations in the European Union

Kevin Young

Chapter 11 in Reading Karl Polanyi for the Twenty-First Century, 2007, pp 219-233 from Palgrave Macmillan

Abstract: Abstract One of the most important aspects of analyzing the political world is to understand the sources of social support for competing political projects at a given time. To understand what ideas are available to animate action is important; to understand where those ideas come from, and the material sources of support for those ideas, is vital. Ideas and political projects do not come from thin air; they come from real people in institutionally embedded contexts who act and think from a particular place, with recourse to how they perceive their own interests. A Polanyian perspective gives us a useful framework of analysis in this regard because it helps us to make sense of the inherent instability of radical projects of economic liberalism which, due to their disregard of a competing, nonmarket logic within social relations, tend to produce calls for economic regulation or a “reembedding” of the economy in nonmarket systems of valuation.

Keywords: Economic Liberalization; Political Agency; Market Society; Interest Representation; European Observatory (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_12

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DOI: 10.1057/9780230607187_12

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