EMBEDDEDNESS AND SOCIAL PLURALISM

This article examines Karl Polanyi’s “double-movement thesis” and, in particular, his claim that modern economies are characterized by a dis-embedding of the economy from society. I examine two significant lines of criticism of this thesis: first, that the concept of “embeddedness” is incoherent i...

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Bibliographic Details
Main Author: DeMoor, Michael J. (Author)
Format: Electronic Article
Language:English
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Published: Brill 2013
In: Philosophia reformata
Year: 2013, Volume: 78, Issue: 2, Pages: 144-161
Online Access: Volltext (Verlag)
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Summary:This article examines Karl Polanyi’s “double-movement thesis” and, in particular, his claim that modern economies are characterized by a dis-embedding of the economy from society. I examine two significant lines of criticism of this thesis: first, that the concept of “embeddedness” is incoherent in that it implies that economies both can and cannot become “dis-embedded” from society; second, that, though conceptually coherent, the concept does not supply adequate normative guidance for those seeking to address the economic and social problems that emerge from a “dis-embedded” economy. I argue that re-articulating the double-movement thesis in the terms of Reformational social philosophy can show how these problems can be resolved.
ISSN:2352-8230
Contains:In: Philosophia reformata
Persistent identifiers:DOI: 10.1163/22116117-90000549