Theory and Society 45 (5):385-427 (2016)
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Ariane Fischer, David Woodruff, and Johanna Bockman have translated Karl Polanyi’s “Sozialistische Rechnungslegung” [“Socialist Accounting”] from 1922. In this article, Polanyi laid out his model of a future socialism, a world in which the economy is subordinated to society. Polanyi described the nature of this society and a kind of socialism that he would remain committed to his entire life. Accompanying the translation is the preface titled “Socialism and the embedded economy.” In the preface, Bockman explains the historical context of the article and its significance to the socialist calculation debate, the social sciences, and socialism more broadly. Based on her reading of the accounting and society that Polanyi offers here, Bockman argues that scholars have too narrowly used Polanyi’s work to support the Keynesian welfare state to the exclusion of other institutions, have too broadly used his work to study social institutions indiscriminately, and have not recognized that his work shares fundamental commonalities with and often unacknowledged distinctions from neoclassical economics.
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DOI | 10.1007/s11186-016-9276-9 |
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References found in this work BETA
Karl Polanyi and the Writing of The Great Transformation.Fred Block - 2003 - Theory and Society 32 (3):275-306.
The Elusive Market: Embeddedness and the Paradigm of Economic Sociology. [REVIEW]Greta R. Krippner - 2002 - Theory and Society 30 (6):775-810.
The Neoclassical Origins of Polanyi’s Self-Regulating Market.Kurtuluş Gemici - 2015 - Sociological Theory 33 (2):125-147.
Workers in Arms: The Austrian Schutzbund and the Civil War of 1934.Ilona Duczynska - 1979 - Science and Society 43 (1):115-119.
View all 8 references / Add more references
Citations of this work BETA
Karl Polanyi, the “Always-Embedded Market Economy,” and the Re-Writing of The Great Transformation.Hannes Lacher - 2019 - Theory and Society 48 (5):671-707.
The Paradox of Emancipation: Populism, Democracy and the Soul of the Left.Albena Azmanova - 2019 - Philosophy and Social Criticism 45 (9-10):1186-1207.
Adam Smith: So What If the Sovereign Shares in Ignorance?Lev Marder - 2018 - Journal of International Political Theory 14 (1):20-40.
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