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The social aftermath of economic disaster

Karl Polanyi, countermovements in action, and the Greek crisis

Bibliographic Data

ID4237271
AuthorsAlexander E Kentikelenis (0000-0002-1543-4595, University of Oxford and University of Amsterdam, corresponding author)
Year2018
Volume16
Issue1
Pages39-59
Publication date2018-01-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueSocio-Economic Review (JOURNAL)
Journal identifiersISSN: 1475-1461 • E-ISSN: 1475-147X
PublisherOxford University Press (PUBLISHER • GB)
DOI10.1093/ser/mwx031
OpenAlexW2757512255
LanguageEN
Citations received11
References cited74

The economic crisis in Greece resulted in high unemployment and the dismantlement of social protection policies. How does society respond to the collapse of both welfare-state and market mechanisms? I examine these issues through the study of one working class community in Athens over 2012-13. Since the onset of the crisis, my informants experienced a simultaneous drop in living standards, loss of social status, and debasement of their symbolic construction of reality. To respond to these pressures, they relied on a combination of material survival strategies, the reconfiguration of social resources, and the reconstruction of cultural imaginaries. To explain these findings, the article draws on Karl Polanyi’s analysis of countermovements to marketization and commodification. I argue in favour of augmenting the definition of countermovements to capture local-level responses, emphasising cultural aspects of social protection, and tracing the micro-foundations of countermovements that are nonetheless shaped by the macro-institutional context shaping action. This reading of Polanyi’s work seeks to integrate many moving-and potentially contradictory-parts into a holistic analysis of societal responses to rapid and radical socioeconomic change

Action (physics · Collective action · Commodification · Context (archaeology · Development economics · Economics · Economy · Marketization · Political economy · Political science · Sociology · Welfare state · Employment and Welfare Studies · History · Housing, Finance, and Neoliberalism · Law · Social Policy and Reform Studies

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Unique citing works11
Citations per year1,57
Citation span2019 - 2026 (8)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 11

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