IDEAS home Printed from https://ideas.repec.org/p/pid/wpaper/2016133.html
   My bibliography  Save this paper

The Methodology of Polanyi’s Great Transformation

Author

Listed:
  • Asad Zaman

    (Pakistan Institute of Development Economics, Islamabad)

Abstract

Polanyi's book on The Great Transformation provides an analysis of the emergence and significance of capitalist economic structures which differs radically from those currently universally taught in economic textbooks. This analysis is based on a methodological approach which is also radically different from existing methodologies for doing economics, and more generally social science. This methodology is used by Polanyi without explicit articulation. Our goal in this article is to articulate the methodology used in this book to bring out the several dimensions on which it differs from current approaches to social science. Among the key differences, Polanyi provides substantial scope for human agency and capabilities to change the course of history. He also shows that the social, political and economic spheres of human existence are deeply interlinked and cannot be analysed in isolation, as current approaches assume.

Suggested Citation

  • Asad Zaman, 2016. "The Methodology of Polanyi’s Great Transformation," PIDE-Working Papers 2016:133, Pakistan Institute of Development Economics.
    • Handle: RePEc:pid:wpaper:2016:133
    as

    Download full text from publisher

    File URL: https://www.pide.org.pk/pdf/Working%20Paper/WorkingPaper-133.pdf
    File Function: First Version, 2016
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Mehmet Karacuka & Asad Zaman, 2012. "The empirical evidence against neoclassical utility theory: a review of the literature," International Journal of Pluralism and Economics Education, Inderscience Enterprises Ltd, vol. 3(4), pages 366-414.
    2. Bairoch, Paul, 1995. "Economics and World History," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226034638, June.
    3. Malthus, Thomas Robert, 1798. "An Essay on the Principle of Population," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number malthus1798.
    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. Ugo Pagano, 2016. "Property, Possession and Knowledge," Department of Economics University of Siena 744, Department of Economics, University of Siena.
    2. Asad Zaman, 2020. "New Directions in Macroeconomics," International Econometric Review (IER), Econometric Research Association, vol. 12(1), pages 1-23, April.
    3. Hubert Gabrisch, 2020. "Elements, origins and future of Great Transformations: Eastern Europe and global capitalism," The Economic and Labour Relations Review, , vol. 31(2), pages 172-190, June.
    4. Asad Zaman, 2019. "Launching a Revolution, based on Islamic Foundations إطلاق ثورة في الاقتصاد، تقوم على القيم الإسلامية," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 32(2), pages 77-88, January.
    5. Anne Mayhew, 2016. "A Commentary on Asad Zaman's paper: 'The Methodology of Polanyi's Great Transformation'," Economic Thought, World Economics Association, vol. 5(1), pages 1-64, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. James A. Brander, 2007. "Viewpoint: Sustainability: Malthus revisited?," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 40(1), pages 1-38, February.
    2. William D. Nordhaus, 2021. "Are We Approaching an Economic Singularity? Information Technology and the Future of Economic Growth," American Economic Journal: Macroeconomics, American Economic Association, vol. 13(1), pages 299-332, January.
    3. Giovanni Dosi & Andrea Roventini & Emmanuele Russo, 2020. "Public Policies And The Art Of Catching Up," Working Papers hal-03242369, HAL.
    4. David Lam, 2011. "How the World Survived the Population Bomb: Lessons From 50 Years of Extraordinary Demographic History," Demography, Springer;Population Association of America (PAA), vol. 48(4), pages 1231-1262, November.
    5. Halkos, George & Managi, Shunsuke, 2023. "New developments in the disciplines of environmental and resource economics," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 513-522.
    6. Francesco Cinnirella & Marc P. B. Klemp & Jacob L. Weisdorf, 2012. "Malthus in the Bedroom: Birth Spacing as a Preventive Check Mechanism in Pre-Modern England," CESifo Working Paper Series 3936, CESifo.
    7. Bernard Lapeyre & Emile Quinet, 2017. "A Simple GDP-based Model for Public Investments at Risk," Post-Print hal-01666574, HAL.
    8. Raskin, Paul D., 1995. "Methods for estimating the population contribution to environmental change," Ecological Economics, Elsevier, vol. 15(3), pages 225-233, December.
    9. Castells-Quintana, David & Dienesch, Elisa & Krause, Melanie, 2021. "Air pollution in an urban world: A global view on density, cities and emissions," Ecological Economics, Elsevier, vol. 189(C).
    10. Magazzino, Cosimo & Drago, Carlo & Schneider, Nicolas, 2023. "Evidence of supply security and sustainability challenges in Nigeria’s power sector," Utilities Policy, Elsevier, vol. 82(C).
    11. Asad Zaman, 2014. "An Islamic Approach to Humanities مقاربة إسلامية للعلوم الإنسانية," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 27(2), pages 3-28, July.
    12. Franco, Juan Agustín & Gaspar, Paula & Mesias, Francisco Javier, 2012. "Economic analysis of scenarios for the sustainability of extensive livestock farming in Spain under the CAP," Ecological Economics, Elsevier, vol. 74(C), pages 120-129.
    13. Acemoglu, Daron & Johnson, Simon & Robinson, James A., 2005. "Institutions as a Fundamental Cause of Long-Run Growth," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 6, pages 385-472, Elsevier.
    14. Chao, Chi-Chur & Yu, Eden S.H. & Yu, Wusheng, 2009. "Government Budget, Public-Sector Wages, and Corporate Taxes in a Small Open Economy," Conference papers 331917, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    15. Paul Scanlon, 2018. "Why Do People Work So Hard?," 2018 Meeting Papers 1206, Society for Economic Dynamics.
    16. Figge, Frank & Thorpe, Andrea Stevenson, 2023. "Circular economy, operational eco-efficiency, and sufficiency. An integrated view," Ecological Economics, Elsevier, vol. 204(PB).
    17. Pierre-André Jouvet & Gregory Ponthiere, 2011. "Survival, reproduction and congestion: the spaceship problem re-examined," Journal of Bioeconomics, Springer, vol. 13(3), pages 233-273, October.
    18. Saverio Fratini, 2008. "Some remarks on the classical theory of rent," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 1, March.
    19. Nepal, Rabindra & Paija, Nirash, 2019. "A multivariate time series analysis of energy consumption, real output and pollutant emissions in a developing economy: New evidence from Nepal," Economic Modelling, Elsevier, vol. 77(C), pages 164-173.
    20. Dräger, Vanessa, 2015. "Do Employment Protection Reforms Affect Well-Being?," IZA Discussion Papers 9114, Institute of Labor Economics (IZA).

    More about this item

    Keywords

    Methodology; Social Science; Capitalism; Liberalism;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

    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:pid:wpaper:2016:133. 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.

    If CitEc recognized a bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Khurram Iqbal (email available below). General contact details of provider: https://edirc.repec.org/data/pideipk.html .

    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.