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Economic Crisis And Polanyi’S Double Movement

Author

Listed:
  • Özgür Üşenmez

    (Faculty of Political Sciences, Marmara University, İstanbul)

  • Levent Duman

    (Kulu Vocational School, Selçuk University, Konya,)

Abstract

As experts discuss the causes and results of the 2008 financial crisis and ensuing Great Recession, economists of various strands, led mainly by Keynesians, are slowly beginning to question the supposed wisdom of unfettered markets. Since Keynesian-liberal disputes revolve around the symptoms of the crisis, rather than the historical and structural features of market economies, we consider a fresh approach about Polanyi’s ideas on market, and his concept of double movement in regards to the effects of neo-liberalism on societies, as a timely intervention to these debates.

Suggested Citation

  • Özgür Üşenmez & Levent Duman, 2016. "Economic Crisis And Polanyi’S Double Movement," CBU International Conference Proceedings, ISE Research Institute, vol. 4(0), pages 079-087, September.
    • Handle: RePEc:aad:iseicj:v:4:y:2016:i:0:p:079-087
    DOI: 10.12955/cbup.v4.746
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    More about this item

    Keywords

    KeynesianLiberal; Polanyi; Double Movement;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General

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