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Karl Polanyi, the New Deal and the Green New Deal

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  • Gareth Dale

Abstract

In this paper, I present an analysis of those aspects of Karl Polanyi’s social and political thought that relate to environmentalism and ‘green’ politics today. I discuss whether or not he prefigured the degrowth movement, before focusing on his understanding of the New Deal (1933–1939). At the time of writing, the prospect appears likely of a return, at a global scale, of economic slump, mass unemployment and ecological crisis, the background conditions to which Franklin D. Roosevelt’s New Deal was responding on the national scale. The paper concludes by drawing lessons from this comparison for possible Green New Deals.

Suggested Citation

  • Gareth Dale, 2021. "Karl Polanyi, the New Deal and the Green New Deal," Environmental Values, White Horse Press, vol. 30(5), pages 593–612-5, October.
    • Handle: RePEc:env:journl:ev30:ev3023
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    Keywords

    degrowth; embeddedness; Green New Deal; Karl Polanyi; New Deal;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment
    • H59 - Public Economics - - National Government Expenditures and Related Policies - - - Other
    • H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods
    • N50 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - General, International, or Comparative
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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