Theresa Hager, Ines Heck, Johanna Rath,
"Polanyi and Schumpeter: Transitional processes via societal spheres"
, in The European Journal for the History of Economic Thought, Vol. 29, Nummer 6, Seite(n) 1089?1110, 2022
Polanyi and Schumpeter: Transitional processes via societal spheres
Sprache des Titels:
We examine parallels and differences, intersections and complementarities in the notions of societal transition by Karl Polanyi and Joseph A. Schumpeter. Considering their intellectual heritage, methodology and scope, we propose a three-sphere framework to analyse their theories and study the interdependencies within capitalism. The three spheres essential to both thinkers are the political, the socio-cultural and the economic: the latter dominates the others in capitalist societies. The resulting rationalisation (Schumpeter) and commodification (Polanyi) distort the socio-cultural sphere and transcend towards the political sphere which undermines democracy. Applying our framework, we identify similar transitional mechanisms but derive different implications for society.
Sprache der Kurzfassung:
The European Journal for the History of Economic Thought