Abstract
The ideas of Karl Polanyi's The Great Transformation have often been re- ferred to in the recent debates that have emerged as a reaction to the rise of neo- liberal policies. This paper deals with contradictory interpretations of the notion of social protectionism in the work of Karl Polanyi. There are two opposing in- terpretations distinguished here. The first interprets social protectionism as a balancing principle of economic liberalism. The second understands social pro- tectionism as a part of market pathology. In order to assess the validity of com- peting interpretations, the author puts forth an account of social protectionism in the context of Polanyi's theory of the economy and society. The author con- cludes that the popular notion of social protectionism as a balancing principle of economic liberalism does not correspond to Polanyi's theory. In addition, the au- thor offers a skeptical commentary on the utility of Polanyi for understanding so- cial protectionism in social analysis. Sociologický casopis/Czech Sociological Review, 2004, Vol. 40, No. 6: 835-849
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