IDEAS home Printed from https://ideas.repec.org/a/taf/eujhet/v29y2022i6p1089-1110.html
   My bibliography  Save this article

Polanyi and Schumpeter: Transitional processes via societal spheres

Author

Listed:
  • Theresa Hager
  • Ines Heck
  • Johanna Rath

Abstract

We examine parallels and differences, intersections and complementarities in the notions of societal transition by Karl Polanyi and Joseph A. Schumpeter. Considering their intellectual heritage, methodology and scope, we propose a three-sphere framework to analyse their theories and study the interdependencies within capitalism. The three spheres essential to both thinkers are the political, the socio-cultural and the economic: the latter dominates the others in capitalist societies. The resulting rationalisation (Schumpeter) and commodification (Polanyi) distort the socio-cultural sphere and transcend towards the political sphere which undermines democracy. Applying our framework, we identify similar transitional mechanisms but derive different implications for society.

Suggested Citation

  • Theresa Hager & Ines Heck & Johanna Rath, 2022. "Polanyi and Schumpeter: Transitional processes via societal spheres," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 29(6), pages 1089-1110, November.
    • Handle: RePEc:taf:eujhet:v:29:y:2022:i:6:p:1089-1110
    DOI: 10.1080/09672567.2022.2131865
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09672567.2022.2131865
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09672567.2022.2131865?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:eujhet:v:29:y:2022:i:6:p:1089-1110. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/REJH20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.