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The Belief in Economic Determinism, Neoliberalism, and the Significance of Polanyi's Contribution in the Twenty-First Century

Bibliographic Data

ID12155451
AuthorsClaus Thomasberger (a University of Applied Sciences, Berlin, corresponding author)
Year2012
Volume41
Issue4
Pages16-33
Publication date2012-12-01
Open AccessNo
TypeARTICLE
VenueInternational Journal of Political Economy (JOURNAL)
Journal identifiersISSN: 0891-1916 • E-ISSN: 1558-0970
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.2753/ijp0891-1916410402
OpenAlexW2096907989
LanguageEN
Citations received6
References cited14

How can we explain why Karl Polanyi's book The Great Transformation is more relevant today than ever before? The central thesis of the paper is that Polanyi's analysis is groundbreaking because it goes far beyond the interpretation of the civilization of the nineteenth century. By focusing on the "belief of economic determinism, " Polanyi challenges the juxtaposition of being and thinking, of material life-process and consciousness. He rejects the assumption that society encompasses a world of objective facts independent of theoretical beliefs and visions. Polanyi's work is of utmost importance today because by anticipating a change in approach such as the liberal authors made, from the opposite point of view, during the interwar period, he offers the key not only to the analysis of the market mechanism, but also to a critical understanding of neoliberalism

Austrian School · Consciousness · Determinism · Economics · Epistemology · Interpretation (philosophy · Neoclassical economics · Neoliberalism (international relations · Positive economics · Social science · Sociology · Vision · Philosophy · Political Economy and Marxism

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Citations per year0.5
Citation span2014 - 2025 (12)
Highly citedNo

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