106 | Karl Polanyi and the Critique of Market Society

In this episode, we discuss the work of brilliant heterodox economist Karl Polanyi. We talk about his criticisms of neoclassical orthodoxy, his arguments against the commodification of land, labor, and money, and his critique of the dominance of markets in theory and in practice. Put markets in their place and regulate the hell out of them! We also consider his influence on recent leftist economic thought, and talk through what’s at stake in the difference between Marxist and Polanyian approaches to history and politics. We think there are limits to the Polanyi line, but it’s hard not to love an authentically humanist fellow traveler!

leftofphilosophy.com

References:

Karl Polanyi, The Great Transformation: The Political and Economic Origins of Our Time (Boston: Beacon Press, 2014).

Karl Polanyi, For a New West: Essays, 1919-1958, eds. Giorgio Resta and Mariavittoria Catanzariti (Malden: Polity Press, 2014).

Fred Block, “Karl Polanyi and the Writing of ‘The Great Transformation’”, Theory and Society 32:3 (2003), 275-306.

Music:

“Vintage Memories” by Schematist | schematist.bandcamp.com

“My Space” by Overu | https://get.slip.stream/KqmvAN