Reading Social Policy from Polanyi’s Perspective: Problem of the Market, Wealth, and Labor
The Great Transformation, published in 1944 by Karl Polanyi, brought a new dimension to the relationship between market, state, and welfare. Polanyi considered the relation between markets and societies as a central feature of any social order; according to him, while the market destabilizes society...
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| Format: | Article |
| Language: | English |
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Istanbul University Press
2022-06-01
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| Series: | Sosyal Siyaset Konferansları Dergisi |
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| Online Access: | https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/355C1E9F8A8C4FF5B8EFF397DCE6A146 |
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| _version_ | 1849312307956416512 |
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| author | Abdülkadir Şenkal |
| author_facet | Abdülkadir Şenkal |
| author_sort | Abdülkadir Şenkal |
| collection | DOAJ |
| description | The Great Transformation, published in 1944 by Karl Polanyi, brought a new dimension to the relationship between market, state, and welfare. Polanyi considered the relation between markets and societies as a central feature of any social order; according to him, while the market destabilizes society, the commodification of labor, land, and money creates a reaction or “counter-movement.” For this reason, he describes market society as being a dominant principle for social organization. Social relations are embedded within the economic system instead of the economy being embedded in social relations. Polanyi also claims that market society is a political and social construct rather than a natural phenomenon. Yet, the rapid growth of government bureaucracy and interference in the private sphere has challenged many traditional notions related to the nature of capitalist society, especially since the 1940s. Therefore, the state plays an important role in both the establishment and regulation of the private market economy. This article proposes an interpretation, in the context of the contemporary welfare state based on Polanyi’s The Great Transformation, which discusses the distinction between market, welfare, and labor. The institutions, that once contributed to embedding the market economy within society, now play an important role in situations that have potential consequences for those seeking help from the welfare state. |
| format | Article |
| id | doaj-art-0489bcda70f94b1191a04652ffeec859 |
| institution | Kabale University |
| issn | 1304-0103 2548-0405 |
| language | English |
| publishDate | 2022-06-01 |
| publisher | Istanbul University Press |
| record_format | Article |
| series | Sosyal Siyaset Konferansları Dergisi |
| spelling | doaj-art-0489bcda70f94b1191a04652ffeec8592025-08-20T03:53:07ZengIstanbul University PressSosyal Siyaset Konferansları Dergisi1304-01032548-04052022-06-018213310.26650/jspc.2022.82.1019652123456Reading Social Policy from Polanyi’s Perspective: Problem of the Market, Wealth, and LaborAbdülkadir Şenkal0https://orcid.org/0000-0001-5888-7474Kocaeli Üniversitesi, Kocaeli, TürkiyeThe Great Transformation, published in 1944 by Karl Polanyi, brought a new dimension to the relationship between market, state, and welfare. Polanyi considered the relation between markets and societies as a central feature of any social order; according to him, while the market destabilizes society, the commodification of labor, land, and money creates a reaction or “counter-movement.” For this reason, he describes market society as being a dominant principle for social organization. Social relations are embedded within the economic system instead of the economy being embedded in social relations. Polanyi also claims that market society is a political and social construct rather than a natural phenomenon. Yet, the rapid growth of government bureaucracy and interference in the private sphere has challenged many traditional notions related to the nature of capitalist society, especially since the 1940s. Therefore, the state plays an important role in both the establishment and regulation of the private market economy. This article proposes an interpretation, in the context of the contemporary welfare state based on Polanyi’s The Great Transformation, which discusses the distinction between market, welfare, and labor. The institutions, that once contributed to embedding the market economy within society, now play an important role in situations that have potential consequences for those seeking help from the welfare state.https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/355C1E9F8A8C4FF5B8EFF397DCE6A146karl polanyisocial policywelfarelabordouble movement |
| spellingShingle | Abdülkadir Şenkal Reading Social Policy from Polanyi’s Perspective: Problem of the Market, Wealth, and Labor Sosyal Siyaset Konferansları Dergisi karl polanyi social policy welfare labor double movement |
| title | Reading Social Policy from Polanyi’s Perspective: Problem of the Market, Wealth, and Labor |
| title_full | Reading Social Policy from Polanyi’s Perspective: Problem of the Market, Wealth, and Labor |
| title_fullStr | Reading Social Policy from Polanyi’s Perspective: Problem of the Market, Wealth, and Labor |
| title_full_unstemmed | Reading Social Policy from Polanyi’s Perspective: Problem of the Market, Wealth, and Labor |
| title_short | Reading Social Policy from Polanyi’s Perspective: Problem of the Market, Wealth, and Labor |
| title_sort | reading social policy from polanyi s perspective problem of the market wealth and labor |
| topic | karl polanyi social policy welfare labor double movement |
| url | https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/355C1E9F8A8C4FF5B8EFF397DCE6A146 |
| work_keys_str_mv | AT abdulkadirsenkal readingsocialpolicyfrompolanyisperspectiveproblemofthemarketwealthandlabor |