The Great Transformation and Double Movement
거대한 전환과 이중운동
A monumental political economy thesis demonstrating that the market economy is historically disembedded from society by commodifying land, labor, and money, triggering a defensive societal "double movement".
| Field | Economics · Sociology · Social Welfare |
|---|---|
| Level of analysis | Macro · Structures & Institutions |
| Paradigm | Institutionalism Critical Theory |
| Key figures | 👤 Karl Polanyi (칼 폴라니) |
| Year | 1944 |
Key Claims
Karl Polanyi demonstrated that a self-regulating market requires turning land, labor, and money into fictitious commodities, shredding the social fabric. In response, societies spontaneously generate a counter-movement of social legislation, labor unions, and tariffs to re-embed the economy.
Further Reading
- Polanyi, K. (1944). The Great Transformation: The Political and Economic Origins of Our Time. Farrar & Rinehart.
Related theories 3개
A foundational theoretical framework in social-welfare addressing Three Worlds of Welfare Capitalism at the macro level of analysis.
A foundational theoretical framework in sociology addressing Historical Materialism at the macro level of analysis.
A foundational theoretical framework in economics addressing New Institutional Economics at the macro level of analysis.