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dc.contributor.authorHodgson, Geoffrey
dc.date.accessioned2017-06-21T16:31:40Z
dc.date.available2017-06-21T16:31:40Z
dc.date.issued2017-01-02
dc.identifier.citationHodgson , G 2017 , ' Karl Polanyi on Economy and Society: A Critical Analysis of Core Concepts ' , Review of Social Economy , vol. 75 , no. 1 , pp. 1-25 . https://doi.org/10.1080/00346764.2016.1171385
dc.identifier.issn0034-6764
dc.identifier.otherPURE: 10871355
dc.identifier.otherPURE UUID: 962f1141-4b9c-4c77-b022-1f45413596f4
dc.identifier.otherScopus: 84973884865
dc.identifier.urihttp://hdl.handle.net/2299/18371
dc.descriptionThis is an Accepted Manuscript of an article published by Taylor & Francis in Review of Social Economy on 2 January 2017, available online: http://www.tandfonline.com/doi/full/10.1080/00346764.2016.1171385.
dc.description.abstractThis journal highlights the social aspects of economic activity. Yet the nature of the ‘social’ and the ‘economic’ are more problematic than often assumed. This article probes Karl Polanyi’s depiction of the relationship between the ‘social’ and the ‘economic’ and the notion of ‘embeddedness.’ In his Great Transformation (1944) Polanyi associated the ‘economic’ with motives of material gain, while ‘social’ referred to norms of reciprocity and redistribution: his distinction underlined different kinds of motivation. But in a 1957 essay he addressed different kinds of institutions that engender different motives. Polanyi (1944) argued that after 1800 Britain was transformed into a market-oriented ‘economic’ system, based on greed and material gain. He also believed that an effective market system would be ‘self-adjusting’ and free of political interference, despite his important additional claim that the state was involved in its creation. Some of Polanyi’s core concepts and arguments are contradictory and problematic, and need to be reconsidered.en
dc.format.extent25
dc.language.isoeng
dc.relation.ispartofReview of Social Economy
dc.rightsEmbargoed
dc.subjectKarl Polanyi
dc.subjectembeddedness
dc.subjectsocial
dc.subjecteconomic
dc.subjectmarkets
dc.subjectcapitalism
dc.titleKarl Polanyi on Economy and Society: : A Critical Analysis of Core Conceptsen
dc.contributor.institutionHertfordshire Business School
dc.contributor.institutionCentre for Research on Management, Economy and Society
dc.contributor.institutionOrganisation, Markets and Policy Research Group
dc.description.statusPeer reviewed
dc.date.embargoedUntil2017-10-28
dc.relation.schoolHertfordshire Business School
dc.description.versiontypeFinal Accepted Version
dcterms.dateAccepted2017-01-02
rioxxterms.versionAM
rioxxterms.versionofrecordhttps://doi.org/10.1080/00346764.2016.1171385
rioxxterms.licenseref.urihttp://creativecommons.org/licenses/by/4.0/
rioxxterms.licenseref.startdate2017-10-28
rioxxterms.typeJournal Article/Review
herts.preservation.rarelyaccessedtrue
herts.date.embargo2017-10-28
herts.rights.accesstypeEmbargoed


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