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Polanyi in Brussels - Department of Government at Cornell University

Polanyi in Brussels - Department of Government at Cornell University 2025

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The document discusses the evolution of embedded liberalism in the context of the European Union, particularly focusing on the role of the European Court of Justice (ECJ) in shaping social policies related to the free movement of labor. It builds on Karl Polanyi's concept that markets are always embedded within social contexts and examines how the ECJ has expanded workers' rights and protections through its jurisprudence. The authors argue that while neoliberal market-making is a dominant force, there is an ongoing struggle to embed social considerations within market regulations, reflecting a complex interplay between economic and social policies in Europe.

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Is Polanyi a socialist?

Polanyi himself was attracted to Fabianism and the works of G. D. H. Cole. It was also during this period that Polanyi grew interested in Christian socialism.

What was Karl Polanyis focus in The Great Transformation?

Hungarian social theorist Karl Polanyi is best known for his exploration of the collapse of liberal institutions that occurred between 1914 and 1945. His book, The Great Transformation, traces the catastrophes of those decades to the globalisation of market liberalism.

What does Polanyi argue?

Polanyi suggests that the exercise of state power fundamentally shapes the relative strength of different social actors, so he broadened his analytic lens to encompass battles over government regulation, over the provision of public goods and services, and over international flows of labor, goods, and money.

What is the theory of Karl Polanyi?

The nature of profit in Polanyis theory Polanyi emphasizes that production is not an increase but a movement in respect of the sub-stantive economy. Production should be understood as a locational movement (change of place) or combination of goods, rather than a quantitative increase.

What is the economic sociology of Karl Polanyi?

Polanyi defines the economy in terms of an instituted process comprising two levels, one of which has to do with mans interaction with his natural and social surroundings, the other referring to the institutionalization of that process.

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What is the moral economy Polanyi?

Scott, citing Polanyi, described how farmers, tenants, and laborers invoked moral economies or market logic when it served their interests against market forces. The kind of market regulation they struggled with was informed by historical origins and institutional structure of any particular economy.

What are the economic systems of Polanyi?

Economic order and stability are, ing to Polanyi, the result of the combination of basically three forms, or systems, of integration distinguishable along History: reciprocity, redistribution and exchange (Markets).

What were the ideas of Karl Polanyi?

In his writings, Polanyi advances the concept of the Double Movement, which refers to the dialectical process of marketization and push for social protection against that marketization. He argues that market-based societies in modern Europe were not inevitable but historically contingent.

Polanyi in Brussels - Department of Government at Cornell University 2025

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