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The institution, the economy and the market : Karl Polanyi's institutional thought for economists

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  • Jérôme Maucourant

    (TRIANGLE - Triangle : action, discours, pensée politique et économique - ENS de Lyon - École normale supérieure de Lyon - Université de Lyon - UL2 - Université Lumière - Lyon 2 - IEP Lyon - Sciences Po Lyon - Institut d'études politiques de Lyon - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique)

  • Sébastien Plociniczak

    (IDP - Institut du Développement et de la Prospective - EA 1384 - UVHC - Université de Valenciennes et du Hainaut-Cambrésis - IAE - Institut d'Administration des Entreprises - UPHF - Université Polytechnique Hauts-de-France)

Abstract

"This paper aims to clarify the logical structure of Karl Polanyi's concept of institution, especially with regard to his most important contribution to political economy--the conception of self-regulating markets as institutions. Although Polanyi did not provide a well-developed concept of institution, this article argues that such a concept exists in his work. (...)"

Suggested Citation

  • Jérôme Maucourant & Sébastien Plociniczak, 2013. "The institution, the economy and the market : Karl Polanyi's institutional thought for economists," Post-Print halshs-00845414, HAL.
    • Handle: RePEc:hal:journl:halshs-00845414
    DOI: 10.1080/09538259.2013.807675
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    References listed on IDEAS

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    1. Douglass C. North, 2005. "Introduction to Understanding the Process of Economic Change," Introductory Chapters, in: Understanding the Process of Economic Change, Princeton University Press.
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    Cited by:

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    2. Elisa Darriet & Sacha Bourgeois-Gironde, 2015. "Why lay social representations of the economy should count in economics," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 14(2), pages 245-258, November.
    3. Quintin Bradley, 2022. "The accountancy of marketisation: Fictional markets in housing land supply," Environment and Planning A, , vol. 54(3), pages 493-507, May.
    4. Sergio Cesaratto & Stefano Di Bucchianico, 2020. "The surplus approach, Polanyi and institutions in economic anthropology and archaeology," Department of Economics University of Siena 828, Department of Economics, University of Siena.
    5. Faruk ÜLGEN, 2022. "Renewal of Public Action: Co-Production and Financial Regulation," CIRIEC Studies Series, in: Philippe BANCE & Marie-J. BOUCHARD & Dorothea GREILING & CIRIEC (ed.), New perspectives in the co-production of public policies, public services and common goods, volume 3, chapter 9, pages 181-205, CIRIEC - Université de Liège.
    6. Jean-Michel Servet & Bruno Tinel, 2020. "The behavioral and neoliberal foundations of randomizations," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-02562758, HAL.
    7. Sergio Cesaratto & Stefano Di Bucchianico, 2021. "The Surplus Approach, the Polanyian Tradition, and Institutions in Economic Anthropology and Archaeology," Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science, Fondazione Luigi Einaudi, Torino (Italy), vol. 55(1), pages 185-216, June.
    8. Jean-Michel Servet & Bruno Tinel, 2020. "The behavioral and neoliberal foundations of randomizations," Post-Print halshs-02562758, HAL.

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    Keywords

    Polanyi; Institution;

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