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Development Theory and the Constitution of Market Society: A Polanyian View

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AbstractThis paper argues that development studies could benefit from a closer engagement with the arguments of Karl Polanyi. Firstly, a Polanyian perspective gives greater weight to non-economic and non-material factors in making, maintaining and modifying markets. Secondly, it focuses research on the problematic, state- sponsored and contested process of bringing the market actor into being. Finally, a Polanyian approach might better link a, broadly speaking, leftist analysis to “real world” policy debates about the relative balance between market freedoms and regulation. The conclusion elaborates this final point.

Affiliations: 1: University of New England NSW, Email: alan.scott@une.edu.au, URL: http://www.w3.org/1999/xlink

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2012-01-01
2016-12-09

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