Karl Polanyi and the Paradoxes of the Double Movement (eBook, ePUB)

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This book offers a critical reconstruction of the double movement, the central thesis of Karl Polanyi's The Great Transformation, one of the most influential books of the 20th century.

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"As social scientists re-read their classics, the worthwhile question is: What insights could they offer if they were writing today? John Vail's volume on Karl Polanyi provides the most up-to-date and most inspired answer to that question he addresses to the author of The Great Transformation (1944). Applying the famous "double movement" model to capitalism ending its neoliberal stage, Vail demonstrates the value of Polanyian conceptual keys to the understanding of today's political economy. One of these keys is the multi-faceted idea of "decommodification", a widely employed concept that was first coined fifty years ago in the spirit of Polanyi."

Prof. Claus Offe, Hertie School of Governance,