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Karl Polanyi who thinks of money as an institution that embeds the economy into social relationships. In this analytical …The purpose of this contribution is to suggest an interpretation of the substantivist thought initiated by Karl Polanyi … framework, stripping money of its institutional character and trying to reduce it to a commodity is bound to create chaos. It is …
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The aim of this contribution is two-fold: On the one hand, we wish to show that Polanyi considers institution to be a … concept, as is clearly demonstrated by an analysis of the role of money in his work. In this perspectives, it seems relevant … substantive approach. On the other hand, it is interesting to study Polanyi's interpretation of historical facts, in particular …
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money but it is the organising feature of modern economies, giving rise to both episodes of stability and crises. In … constructing this argument I consider both orthodox and heterodox points of view. We analyse equilibrium models of money, and find … that while money can exist in sequence economies with frictions, models of this type give no justification for its creation …
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"money" in a capitalist society? And, indeed, what is "power" in the first place? In the following I will try to develop a …
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