Economy and Society: Selected Writings


Book Description

Few figures are more crucial to understanding the upheavals of our contemporary era than Karl Polanyi. In a world riven by social and economic crises, from rising inequality to the decay of democratic institutions and profound technological disruption, Polanyi’s path-breaking account of the dynamics of market capitalism and his defence of society and nature against the dangerous tendencies of the market capitalist system are more relevant than ever. This book brings together Polanyi’s most important articles and essays to give a unique selection of his essential shorter writings, mixing classic texts with significant but previously little-known pieces. It highlights the coherence and richness of Polanyi’s theoretical and political approach, making it indispensable for understanding his overarching intellectual contribution. The volume includes his interwar writings, which deal with the world economic crisis and the socialist alternative to conservative and fascist developments; his reflection on political theory and the international situation after the war; and his comparative studies of economic institutions. Polanyi’s political writings are complemented and supported by the critique of economic determinism and what he termed ‘our obsolete market mentality’. This book is an invaluable companion to Polanyi’s masterpiece, The Great Transformation, and an essential resource for students and scholars of political economy, sociology, history and political philosophy.




Labor, Economy, and Society


Book Description

Work is, and always will be, a central institution of society. What makes a capitalist society unique is that it treats the human capacity to engage in labor as a basic commodity. This can be a source of dynamism, as when innovative firms raise wages to attract the best and brightest. But it can also be a source of misery, as when one’s skills are suddenly rendered obsolete by forces beyond one’s control. Jeffrey J. Sallaz asks us to rethink our basic assumptions about work. Drawing on cutting-edge theories within economic sociology and through the use of contemporary examples, he conceptualizes labor as embedded exchange. This draws attention to issues that all too frequently are overlooked in our public discourse and private imaginations: how various forms of work are classified and valued; how markets for labor operate in practice; and how people can challenge the central fiction that their work is simply a commodity to be bought and sold. This readable and engaging book is suitable for both graduate and advanced undergraduate students. It will be of interest to economic sociologists, scholars of labor, and all of those who find themselves working for a living.




Capitalism and Disability


Book Description

Spread out over many years and many different publications, the late author and activist Marta Russell wrote a number of groundbreaking and insightful essays on the nature of disability and oppression under capitalism. In this volume, Russell’s various essays are brought together in one place in order to provide a useful and expansive resource to those interested in better understanding the ways in which the modern phenomenon of disability is shaped by capitalist economic and social relations. The essays range in analysis from the theoretical to the topical, including but not limited to: the emergence of disability as a “human category” rooted in the rise of industrial capitalism and the transformation of the conditions of work, family, and society corresponding thereto; a critique of the shortcomings of a purely “civil rights approach” to addressing the persistence of disability oppression in the economic sphere, with a particular focus on the legacy of the Americans with Disabilities Act of 1990; an examination of the changing position of disabled people within the overall system of capitalist production utilizing the Marxist economic concepts of the reserve army of the unemployed, the labor theory of value, and the exploitation of wage-labor; the effects of neoliberal capitalist policies on the living conditions and social position of disabled people as it pertains to welfare, income assistance, health care, and other social security programs; imperialism and war as a factor in the further oppression and immiseration of disabled people within the United States and globally; and the need to build unity against the divisive tendencies which hide the common economic interest shared between disabled people and the often highly-exploited direct care workers who provide services to the former.




Economy and Society


Book Description

Annotation. Originally published in 1956.




Institutions and the Economy


Book Description

Institutions are central to economic life. They have a major impact on consumer preferences, the actions and processes of firms, levels of wealth and poverty in countries, the growth of international trade, and much more. Indeed, none of the preconditions for economic activity - such as the existence of buyers and sellers, recognizable goods and services, and the information we need to make choices - would be in place without institutions. Institutions, then, do more than support economic life: they enable and shape it. These insights challenge some of the most basic postulates on modern economic theory and are at the heart of many of the most exciting works in economic sociology. This book examines the role of institutions - defined as the formal and informal rules and practices that surround us as we go about our daily lives - in the economy. Illuminating complex ideas with carefully selected, vivid examples, the investigation focuses on economic activity as it unfolds at the individual, organizational, national, and international levels. This accessible and engaging book will be essential reading for students of economic sociology, and all those interested in the intimate relationship between institutions and the economy.




The Theory of Social and Economic Organization


Book Description

This bookis an introduction to Max Weber’s ambitious comparative study of the sociological and institutional foundations of the modern economic and social order. In this work originally published in German in 1920, Weber discusses the analytical methods of sociology and, at the same time, presents a devastating critique of prevailing sociological theory and of its universalist, determinist underpinnings. None of Weber’s other writings offers the reader such a grasp of his theories; none displays so clearly his erudition, the scope of his interests, and his analytical powers.




Old Dominion Industrial Commonwealth


Book Description

A look at the role of state policies in North-South economic divergence and in American industrial development leading up to the Civil War. In 1796, famed engineer and architect Benjamin Henry Latrobe toured the coal fields outside Richmond, Virginia, declaring enthusiastically, “Such a mine of Wealth exists, I believe, nowhere else!” With its abundant and accessible deposits, growing industries, and network of rivers and ports, Virginia stood poised to serve as the center of the young nation’s coal trade. By the middle of the nineteenth century, however, Virginia’s leadership in the American coal industry had completely unraveled while Pennsylvania, at first slow to exploit its vast reserves of anthracite and bituminous coal, had become the country’s leading producer. Sean Patrick Adams compares the political economies of coal in Virginia and Pennsylvania from the late eighteenth century through the Civil War, examining the divergent paths these two states took in developing their ample coal reserves during a critical period of American industrialization. In both cases, Adams finds, state economic policies played a major role. Virginia’s failure to exploit the rich coal fields in the western part of the state can be traced to the legislature’s overriding concern to protect and promote the interests of the agrarian, slaveholding elite of eastern Virginia. Pennsylvania’s more factious legislature enthusiastically embraced a policy of economic growth that resulted in the construction of an extensive transportation network, a statewide geological survey, and support for private investment in its coal fields. Using coal as a barometer of economic change, Old Dominion, Industrial Commonwealth addresses longstanding questions about North-South economic divergence and the role of state government in American industrial development.




Crossing Boundaries


Book Description

Gathered here for the first time in one volume are recent writings of interdisciplinary range, erudite sophistication, and limitless curiosity. During the last half century, Albert O. Hirschman has single-handedly redefined the scope and limits of political economy, in theory and in practice. His contributions as both a scholar and an economic advisor have definitively shaped an innovative program for social change and economic development. Gathered here for the first time in one volume are recent writings of interdisciplinary range, erudite sophistication, and limitless curiosity.In two essays on commensality and the "invention" of democracy in classical Greece, and on the workings and making of the Marshall Plan, Hirschman shows how his personal and political experience allow him to forge new connections between the past and the present, between intellectual life and lived experience. The third piece, "Trespassing," is an interview Hirschman gave in Italian in 1993, which he has translated and edited for this volume. Although in the past Hirschman has resisted autobiographical meditation, here he recounts--with frankness, humor, and insight--some of the most compelling and formative moments of his life divided between the "European" and the "American" years. Not only does he discuss how his personal experiences have shaped and influenced his thinking about economic and social development, democracy and capitalism, he also reveals the "key terms" of his scholarship--concepts he is constantly rethinking, subverting, and reinventing.




For a New West


Book Description

At a recent meeting of the World Economic Forum in Davos, it was reported that a ghost was haunting the deliberations of the assembled global elite - that of the renowned social scientist and economic historian, Karl Polanyi. In his classic work, The Great Transformation, Polanyi documented the impact of the rise of market society on western civilization and captured better than anyone else the destructive effects of the economic, political and social crisis of the 1930s. Today, in the throes of another Great Recession, Polanyi’s work has gained a new significance. To understand the profound challenges faced by our democracies today, we need to revisit history and revisit his work. In this new collection of unpublished texts - lectures, draft essays and reports written between 1919 and 1958 - Polanyi examines the collapse of the liberal economic order and the demise of democracies in the inter-war years. He takes up again the fundamental question that preoccupied him throughout his work - the place of the economy in society - and aims to show how we might return to an economy anchored in society and its cultural, religious and political institutions. For anyone concerned about the danger to democracy and social life posed by the unleashing of capital from regulatory control and the dominance of the neoliberal ideologies of market fundamentalism, this important new volume by one of the great thinkers of the twentieth century is a must-read.




Off the Books


Book Description

In this revelatory book, Sudhir Venkatesh takes us into Maquis Park, a poor black neighborhood on Chicago's Southside, to explore the desperate and remarkable ways in which a community survives. The result is a dramatic narrative of individuals at work, and a rich portrait of a community. But while excavating the efforts of men and women to generate a basic livelihood for themselves and their families, Off the Books offers a devastating critique of the entrenched poverty that we so often ignore in America, and reveals how the underground economy is an inevitable response to the ghetto's appalling isolation from the rest of the country.