Karl Polanyi in the context of “non-death” of neoliberalism

Abstract

Karl Polanyi’s works have been widely thematized regarding the transition in Central and Eastern Europe. The transition was viewed as the “second great transformation”. Polanyi’s works undoubtedly have numerous followers and it is owing to them that his works have started to be critically interpreted. We are here considering the possibility of reconceptualization of the works after the crisis of neoliberalism. The paper consists of three parts, each focusing on the selected points of Polanyi’s work. In the first part, the goal was to confront Polanyi’s thought with the consequences of neoliberalism; this part is explicitly involved in politicaleconomic reflection. The second part focuses on the discussion about the meaning of embeddedness, and the third part shows the relevance of some reflexions with respect to the money. The second and third part make a dialogue between political economy and economic sociology, economic anthropology, and economic theory.