IDEAS home Printed from https://ideas.repec.org/p/erp/reconx/p0020.html
   My bibliography  Save this paper

Polanyi in Brussels: European institutions and the embedding of markets in society

Author

Listed:
  • James Caporaso
  • Sidney Tarrow

Abstract

This paper returns to Karl Polanyi and to the logic of his The Great Transformation to understand some otherwise puzzling contradictions in the construction of the European single market. On the one hand, the European project appears to look to the creation of a single market that is detached from national political economies, whether these are liberal or coordinated; on the other, European institutions appear to work towards the embedding of markets in society. Our use of the Polanyian term ‘embed’ may surprise readers who have come to think of the EU as a fundamentally disembedding agency, through the priority it accords to economic efficiency. But although the central rationale for the EU is to foster freedom of movement in goods, services, and productive factors, we see the EU as multivocal, reflecting essentially political logics, and not easily reduced to the institutional expression of market liberalization. We use a series of cases from the European Court of Justice’s treatment of free movement of labour to describe the lineaments of a movement/countermovement interaction at the transnational level not unlike the one that Polanyi discerned in England at the national level in the early 19th century.

Suggested Citation

  • James Caporaso & Sidney Tarrow, 2008. "Polanyi in Brussels: European institutions and the embedding of markets in society," RECON Online Working Papers Series 1, RECON.
  • Handle: RePEc:erp:reconx:p0020
    as

    Download full text from publisher

    File URL: http://www.reconproject.eu/main.php/RECON_wp_0801.pdf?fileitem=5456241
    File Function: Full text
    Download Restriction: no

    References listed on IDEAS

    as
    1. Giandomenico Majone, 1993. "The European Community Between Social Policy and Social Regulation," Journal of Common Market Studies, Wiley Blackwell, vol. 31(2), pages 153-170, June.
    2. Höpner, Martin & Schäfer, Armin, 2007. "A New Phase of European Integration: Organized Capitalisms in Post-Ricardian Europe," MPIfG Discussion Paper 07/4, Max Planck Institute for the Study of Societies.
    3. repec:cup:apsrev:v:72:y:1978:i:04:p:1243-1261_15 is not listed on IDEAS
    4. James A Caporaso, 1996. "The European Union and Forms of State: Westphalian, Regulatory or Post-Modern?," Journal of Common Market Studies, Wiley Blackwell, vol. 34(1), pages 29-52, March.
    5. Jonathan A. Fox & L. David Brown (ed.), 1998. "The Struggle for Accountability: The World Bank, NGOs, and Grassroots Movements," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262561174.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hans-Jörg Trenz, Nadine Bernhard & Erik Jentges, 2009. "Civil society and EU constitution-making: Towards a European social constituency?," RECON Online Working Papers Series 7, RECON.
    2. Fritz W. Scharpf, 2009. "The Asymmetry of European Integration - or why the EU cannot be a Social Market Economy," KFG Working Papers p0006, Free University Berlin.

    More about this item

    Keywords

    European Court of Justice; free movement; institutions; labour contract; political economy; regulations; Single Market;

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:erp:reconx:p0020. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marit Eldholm). General contact details of provider: http://www.reconproject.eu .

    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.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.