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The Power of Market Fundamentalism: Karl Polanyi's Critique (Englisch) Gebundene Ausgabe – 1. April 2014

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In seeking to understand the dynamics of our own time, we can do no better than to revisit Polanyi Block and Somers provide a thorough reprise of Polanyi for readers new to him and careful analysis for specialists. The best part of their book is its introductory chapter, a well-integrated and brisk summary of the man and his ideas. Other chapters provide useful discussions of what Polanyi s social history gets right and slightly wrong, as well as astute comparisons of Polanyi with Keynes and Marx As more of us are having second thoughts about the second coming of the primal market, it is as if Polanyi is somewhere in the ether. Rereading Polanyi at a time when events vindicate his vision, one has to be struck with the eerie contemporary ring. Polanyi is startlingly 21st-century in addressing how the private rule of global finance puts public policy in a straitjacket.--Robert Kuttner"American Prospect" (04/15/2014)"

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33 von 35 Kunden fanden die folgende Rezension hilfreich
Excellent review of Polanyi and excellent critique of the modern economy 10. Mai 2014
Von Ber Berkner - Veröffentlicht auf
Format: Kindle Edition Verifizierter Kauf
This book deserves to be a part of the national discussion, as do Polanyi's thoughts. I read Polanyi some years ago and was looking for a refresher when I came across this book. This book not only reviews Polanyi's work and places it in the context of modern economic and sociological research, but also adapts many of his theories to the current times. Along the way the authors offer useful insights into Polanyi's life and how his experiences shaped his thoughts.

Pros- Well written, clear, and concise for an academic book. Does an excellent job of bringing Polanyi's thoughts up to date.

Cons- The authors (two highly regarded professors) appear to have a very leftist bent. This isn't a bad thing, in my opinion, but some readers may be turned off by that.

UPDATED: I wanted to write a longer review on this book once I had time to reflect on it. I intended to write the typical academic style "summarize and critique" review but realized I can add more value to potential readers by explaining why this book is an important read.

Have you been noticing how politics is becoming increasingly polarized? If you hop over to look at the reviews for Piketty's "Capital in the 21st Century" you'll notice that literally 100's of ideological zealots have been attacking the book. Not reading and critiquing, but posting bad reviews even though they've never read it.

Ever wonder why people act like this? Why Market Fundamentalism has become so strong? This book will help you think on and answer these questions.

Isn't it odd that we have been pursuing neo-liberal policies for 30 years, even though they have already proven to be a failure? Debt is rising, health care costs are spiraling out of control, college is unaffordable, the gap between rich and poor is widening. Despite the fact that we live in an age of failed neoliberalism, rolling back such policies isn't the answer, oh no what we need is more neoliberalism.

This book will help you understand the appeal of neoliberalism and its emergence as a utopian ideal that can never be achieved. The book also explains the historical context of market fundamentalism and the decline of Keynesian economics to show why the one serious challenge to neoliberalism was eventually marginalized.
5 von 5 Kunden fanden die folgende Rezension hilfreich
An excellent restatement of Polanyi's case against market fundamentalism for the neo-liberal era 14. November 2014
Von Shayn Mccallum - Veröffentlicht auf
Format: Kindle Edition Verifizierter Kauf
This is one of the best books that could have been written in the current era. Against the backdrop of the economic and social collapse wrought by the crisis of finance capitalism, neo-liberal orthodoxies retain their eerie and illogical power, yet how is this so? Despite the utter bankruptcy of virtually all the basic assumptions of the Washington consensus, the zombie ideology marches on. This book goes a long way towards explaining the stickiness of the mindset that fails to see the stark evidence of its own failure- just as the partisans of "free enterprise" failed to appreciate the dangers posed by the great depression or the disembedded policies that incubated the First World War attested to by Polanyi in his magnum opus "The Grest Transformation".
Arguably, no author came closer to understanding the true dynamics of modern capitalism better than Karl Polanyi. Operating under a unique analysis of market society and its failures, Polanyi's approach not only correctly diagnoses the illness (a utopian attempt to "disembed" the economy from its moorings in society through an attempt to create a self-regulating market) but also its solution (a democratic re-embedding of the economy in a system of economic democracy).
This excellent adaptation of Polanyi's ideas for the 21st Century by Fred Block and Margaret Somers deserves to become essential reading for university and college courses on political economy, globalisation, critical theory and economic history. It is a rich and indispensible book that very accurately and compellingly frames the neo-liberal era within a Polanyian theoretical approach. The result is a tour de force that is bound to delight Polanyi scholars and convince many scholars becoming acquainted with Polanyi for the first time of the value and practicality of Polanyian approaches to the social sciences.
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A Masterpiece 14. Januar 2015
Von Sophie26 - Veröffentlicht auf
Format: Gebundene Ausgabe Verifizierter Kauf
This is, without doubt, my favorite book of the last year, perhaps the last decade, and I read a lot of books. When I have more time, I will write a longer review, but for now, I will just highly recommend the purchase of this multiply-layered, well-written book. I plan to require it for my contemporary social theory course, because not only do the authors explain and expand on Polanyi's thought in a highly accessible manner, they also show how theoretical perspectives can influence social and political trends. Their treatment of Speenhamland and PRWORA is a great example of using empirical historical evidence to interrogate both the theory of the free market and the ideology and social policies based on that theory, as well as Polanyi's critique.
The best analysis and summation of Polanyi's thought to date!!! 7. Januar 2015
Von Claudio Dionigi - Veröffentlicht auf
Format: Gebundene Ausgabe
I have read most of Polanyi's work, as well as books and articles about his work (including Gareth Dale's text), and while doing so I have tried to keep in mind what the spirit of Polanyi's work is. I believe that Fred Block and Margaret Somers have captured that spirit in this text. This book is an excellent summation and update to Polanyi's critique of free-market fundamentalism, highlighting the reasons for the resurgence of his ideas in recent years. It is a must read for anyone who is interested in Polanyi's work or is at all concerned about the current state of affairs in political-economy. It draws on a wide variety of other texts to pull the threads of Polanyi's thoughts together and contextualise them within a broader discourse. It relates Polanyi's work nicely to the crises induced by neoliberalism in recent years (more to come, no doubt). It is well laid out, in accessible language and a pleasant style. Whether you are from the left or the right, do yourself a favour and read this book.
Five Stars 3. Januar 2015
Von Paul Lewin - Veröffentlicht auf
Format: Gebundene Ausgabe Verifizierter Kauf
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