Polanyi's great transformation

Rakesh Bhandari bhandari at phoenix.Princeton.EDU
Thu Mar 11 06:51:40 PST 1999


Important criticisms of Polanyi's concept of the disembedded economy, esp as he developed it in later anthropological work, can be found in the intro supplied by Patrick Murray, ed. Reflections on Commercial Life (Routledge) and the chapter critique in Maurice Godelier's The Mental and the Material (Verso). Bourdieu leans hard on Polanyi's idea in *The Logic of Practice*. One also wonders about the present status of Polanyi's account of the poor laws and the collapse of the gold standard in light of recent scholarship. There is also Scott Meikle's criticism of Polanyi's famous essay "Aristotle Discovers the Economy" in the former's *Aristotle's Economic Thought* (Oxford) which I excerpted months ago here.

rb



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