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Embedded markets: A dialogue between F.A. Hayek and Karl Polanyi

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  • Andrea Migone
Abstract
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Suggested Citation

  • Andrea Migone, 2011. "Embedded markets: A dialogue between F.A. Hayek and Karl Polanyi," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 24(4), pages 355-381, December.
  • Handle: RePEc:kap:revaec:v:24:y:2011:i:4:p:355-381
    DOI: 10.1007/s11138-011-0148-2
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    References listed on IDEAS

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    1. Geoffrey M. Hodgson, 2007. "Meanings of methodological individualism," Journal of Economic Methodology, Taylor & Francis Journals, vol. 14(2), pages 211-226.
    2. Geoffrey M. Hodgson, 2003. "The hidden persuaders: institutions and individuals in economic theory," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 27(2), pages 159-175, March.
    3. Fleetwood, Steve, 2008. "Structure, institution, agency, habit, and reflexive deliberation," Journal of Institutional Economics, Cambridge University Press, vol. 4(2), pages 183-203, August.
    4. Ruggie, John Gerard, 1982. "International regimes, transactions, and change: embedded liberalism in the postwar economic order," International Organization, Cambridge University Press, vol. 36(2), pages 379-415, April.
    5. Paul Lewis, 2005. "Structure, agency and causality in post-revival Austrian economics: tensions and resolutions," Review of Political Economy, Taylor & Francis Journals, vol. 17(2), pages 291-316.
    6. Vaughn,Karen I., 1994. "Austrian Economics in America," Cambridge Books, Cambridge University Press, number 9780521445528, September.
    7. Boettke, Peter J, 2002. "Information and Knowledge: Austrian Economics in Search of its Uniqueness," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 15(4), pages 263-274, December.
    8. Gregor Zwirn, 2007. "Methodological Individualism or Methodological Atomism: The Case of Friedrich Hayek," History of Political Economy, Duke University Press, vol. 39(1), pages 47-80, Spring.
    9. Langlois,Richard, 1989. "Economics as a Process," Cambridge Books, Cambridge University Press, number 9780521378598, September.
    10. Kevin H. O'Rourke & Jeffrey G. Williamson, 2001. "Globalization and History: The Evolution of a Nineteenth-Century Atlantic Economy," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262650592, April.
    11. McCann, Charles R, Jr, 2002. "F. A. Hayek: The Liberal as Communitarian," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 15(1), pages 5-34, January.
    12. Peter J. Boettke (ed.), 1994. "The Elgar Companion to Austrian Economics," Books, Edward Elgar Publishing, number 53.
    13. Vanberg, Viktor, 1986. "Spontaneous Market Order and Social Rules," Economics and Philosophy, Cambridge University Press, vol. 2(1), pages 75-100, April.
    14. repec:ucp:bkecon:9780226320625 is not listed on IDEAS
    15. John Meadowcroft & Mark Pennington, 2008. "Bonding and bridging: Social capital and the communitarian critique of liberal markets," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 21(2), pages 119-133, September.
    16. McCloskey, Deirdre Nansen, 2006. "The Bourgeois Virtues," University of Chicago Press Economics Books, University of Chicago Press, number 9780226556635, December.
    17. Stavros Ioannides, 2003. "Orders and Organizations:," American Journal of Economics and Sociology, Wiley Blackwell, vol. 62(3), pages 533-566, July.
    18. Deirdre McCloskey, 2004. "The Bourgeois Virtues," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 5(3), pages 1-16, July.
    19. William Butos, 2003. "Knowledge Questions: Hayek, Keynes and Beyond," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 16(4), pages 291-307, December.
    20. Virgil Storr, 2008. "The market as a social space: On the meaningful extraeconomic conversations that can occur in markets," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 21(2), pages 135-150, September.
    21. G. Hodgson., 2008. "Institutions and Individuals: Interaction and Evolution," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 8.
    22. Beckert, Jens, 2007. "The social order of markets," MPIfG Discussion Paper 07/15, Max Planck Institute for the Study of Societies.
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    Citations

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    Cited by:

    1. Marta Podemska-Mikluch & Richard Wagner, 2013. "Dyads, triads, and the theory of exchange: Between liberty and coercion," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(2), pages 171-182, June.
    2. Mikayla Novak, 2021. "Social innovation and Austrian economics: Exploring the gains from intellectual trade," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 34(1), pages 129-147, March.
    3. Edward Shepherd & Matthew Wargent, 2024. "Embedding the land market: Polanyi, urban planning and regulation," Environment and Planning A, , vol. 56(3), pages 905-926, May.

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    More about this item

    Keywords

    Hayek; Polanyi; Embeddedness; Markets; B25; B52;
    All these keywords.

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

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