The Power of Market Fundamentalism : : Karl Polanyi's Critique / / Margaret R. Somers, Fred Block.
What is it about free-market ideas that give them tenacious staying power in the face of such manifest failures as persistent unemployment, widening inequality, and the severe financial crises that have stressed Western economies over the past forty years? Fred Block and Margaret Somers extend the w...
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Block, Fred, author. aut http://id.loc.gov/vocabulary/relators/aut The Power of Market Fundamentalism : Karl Polanyi's Critique / Margaret R. Somers, Fred Block. Cambridge, MA : Harvard University Press, [2014] ©2014 1 online resource (310 p.) : 4 graphs, 4 tables text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Frontmatter -- CONTENTS -- PREFACE -- 1. Karl Polanyi and the Power of Ideas -- 2. Beyond the Economistic Fallacy -- 3. Karl Polanyi and the Writing of The Great Transformation -- 4. Turning the Tables: Polanyi's Critique of Free Market Utopianism -- 5. In the Shadow of Speenhamland: Social Policy and the Old Poor Law -- 6. From Poverty to Perversity: Ideational Embeddedness and Market Fundamentalism over Two Centuries of Welfare Debate -- 7. The Enduring Strength of Free Market Conservatism in the United States -- 8. The Reality of Society -- NOTES -- BIBLIOGRAPHY -- INDEX restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star What is it about free-market ideas that give them tenacious staying power in the face of such manifest failures as persistent unemployment, widening inequality, and the severe financial crises that have stressed Western economies over the past forty years? Fred Block and Margaret Somers extend the work of the great political economist Karl Polanyi to explain why these ideas have revived from disrepute in the wake of the Great Depression and World War II, to become the dominant economic ideology of our time. Polanyi contends that the free market championed by market liberals never actually existed. While markets are essential to enable individual choice, they cannot be self-regulating because they require ongoing state action. Furthermore, they cannot by themselves provide such necessities of social existence as education, health care, social and personal security, and the right to earn a livelihood. When these public goods are subjected to market principles, social life is threatened and major crises ensue. Despite these theoretical flaws, market principles are powerfully seductive because they promise to diminish the role of politics in civic and social life. Because politics entails coercion and unsatisfying compromises among groups with deep conflicts, the wish to narrow its scope is understandable. But like Marx's theory that communism will lead to a "withering away of the State," the ideology that free markets can replace government is just as utopian and dangerous. Issued also in print. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021) POLITICAL SCIENCE / Political Economy. bisacsh Somers, Margaret R., author. aut http://id.loc.gov/vocabulary/relators/aut Title is part of eBook package: De Gruyter EBOOK PACKAGE Complete Package 2014 9783110369526 ZDB-23-DGG Title is part of eBook package: De Gruyter EBOOK PACKAGE Social Sciences 2014 9783110370416 ZDB-23-DSW Title is part of eBook package: De Gruyter Harvard University Press Complete eBook-Package 2014-2015 9783110665901 print 9780674050716 https://doi.org/10.4159/harvard.9780674416345 https://www.degruyter.com/isbn/9780674416345 Cover https://www.degruyter.com/cover/covers/9780674416345.jpg |
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Block, Fred, Block, Fred, Somers, Margaret R., |
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Block, Fred, Block, Fred, Somers, Margaret R., The Power of Market Fundamentalism : Karl Polanyi's Critique / Frontmatter -- CONTENTS -- PREFACE -- 1. Karl Polanyi and the Power of Ideas -- 2. Beyond the Economistic Fallacy -- 3. Karl Polanyi and the Writing of The Great Transformation -- 4. Turning the Tables: Polanyi's Critique of Free Market Utopianism -- 5. In the Shadow of Speenhamland: Social Policy and the Old Poor Law -- 6. From Poverty to Perversity: Ideational Embeddedness and Market Fundamentalism over Two Centuries of Welfare Debate -- 7. The Enduring Strength of Free Market Conservatism in the United States -- 8. The Reality of Society -- NOTES -- BIBLIOGRAPHY -- INDEX |
author_facet |
Block, Fred, Block, Fred, Somers, Margaret R., Somers, Margaret R., Somers, Margaret R., |
author_variant |
f b fb f b fb m r s mr mrs |
author_role |
VerfasserIn VerfasserIn VerfasserIn |
author2 |
Somers, Margaret R., Somers, Margaret R., |
author2_variant |
m r s mr mrs |
author2_role |
VerfasserIn VerfasserIn |
author_sort |
Block, Fred, |
title |
The Power of Market Fundamentalism : Karl Polanyi's Critique / |
title_sub |
Karl Polanyi's Critique / |
title_full |
The Power of Market Fundamentalism : Karl Polanyi's Critique / Margaret R. Somers, Fred Block. |
title_fullStr |
The Power of Market Fundamentalism : Karl Polanyi's Critique / Margaret R. Somers, Fred Block. |
title_full_unstemmed |
The Power of Market Fundamentalism : Karl Polanyi's Critique / Margaret R. Somers, Fred Block. |
title_auth |
The Power of Market Fundamentalism : Karl Polanyi's Critique / |
title_alt |
Frontmatter -- CONTENTS -- PREFACE -- 1. Karl Polanyi and the Power of Ideas -- 2. Beyond the Economistic Fallacy -- 3. Karl Polanyi and the Writing of The Great Transformation -- 4. Turning the Tables: Polanyi's Critique of Free Market Utopianism -- 5. In the Shadow of Speenhamland: Social Policy and the Old Poor Law -- 6. From Poverty to Perversity: Ideational Embeddedness and Market Fundamentalism over Two Centuries of Welfare Debate -- 7. The Enduring Strength of Free Market Conservatism in the United States -- 8. The Reality of Society -- NOTES -- BIBLIOGRAPHY -- INDEX |
title_new |
The Power of Market Fundamentalism : |
title_sort |
the power of market fundamentalism : karl polanyi's critique / |
publisher |
Harvard University Press, |
publishDate |
2014 |
physical |
1 online resource (310 p.) : 4 graphs, 4 tables Issued also in print. |
contents |
Frontmatter -- CONTENTS -- PREFACE -- 1. Karl Polanyi and the Power of Ideas -- 2. Beyond the Economistic Fallacy -- 3. Karl Polanyi and the Writing of The Great Transformation -- 4. Turning the Tables: Polanyi's Critique of Free Market Utopianism -- 5. In the Shadow of Speenhamland: Social Policy and the Old Poor Law -- 6. From Poverty to Perversity: Ideational Embeddedness and Market Fundamentalism over Two Centuries of Welfare Debate -- 7. The Enduring Strength of Free Market Conservatism in the United States -- 8. The Reality of Society -- NOTES -- BIBLIOGRAPHY -- INDEX |
isbn |
9780674416345 9783110369526 9783110370416 9783110665901 9780674050716 |
url |
https://doi.org/10.4159/harvard.9780674416345 https://www.degruyter.com/isbn/9780674416345 https://www.degruyter.com/cover/covers/9780674416345.jpg |
illustrated |
Not Illustrated |
doi_str_mv |
10.4159/harvard.9780674416345 |
oclc_num |
882242212 |
work_keys_str_mv |
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Title is part of eBook package: De Gruyter EBOOK PACKAGE Complete Package 2014 Title is part of eBook package: De Gruyter EBOOK PACKAGE Social Sciences 2014 Title is part of eBook package: De Gruyter Harvard University Press Complete eBook-Package 2014-2015 |
is_hierarchy_title |
The Power of Market Fundamentalism : Karl Polanyi's Critique / |
container_title |
Title is part of eBook package: De Gruyter EBOOK PACKAGE Complete Package 2014 |
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