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The Near-Death of Liberal Capitalism: Perceptions from the Weber to the Polanyi Brothers

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  • Guenther Roth

Abstract

Karl Polanyi and Max Weber held radically different views of liberal capitalism, but they also came to differ in significant respects with their brothers Michael Polanyi and Alfred Weber. The first section provides an overview of some critical moments in the history of liberal capitalism as perceived by some historical witnesses. The second treats the views of the Weber brothers on the world economy before 1914. The third deals with Max Weber's overlooked treatment of G. F. Knapp's once famous state theory of money. The fourth (re)turns to the circle of cosmopolitan Austro-Hungarian intellectuals who passionately debated the future of liberal capitalism and almost all of whom became political refugees.

Suggested Citation

  • Guenther Roth, 2003. "The Near-Death of Liberal Capitalism: Perceptions from the Weber to the Polanyi Brothers," Politics & Society, , vol. 31(2), pages 263-282, June.
  • Handle: RePEc:sae:polsoc:v:31:y:2003:i:2:p:263-282
    DOI: 10.1177/0032329203252271
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    Cited by:

    1. Scott Prudham, 2013. "Men and Things: Karl Polanyi, Primitive Accumulation, and Their Relevance to a Radical Green Political Economy," Environment and Planning A, , vol. 45(7), pages 1569-1587, July.

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