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dolores ibarruri's avatar

We are all Polanyians now, indeed! I agree with your point that this often cited but seldomly read book is at its core extremely insightful but suffers from some strange shortcomings (but I guess many great works are like that?).

On the methodological issues, I believe they can mostly be explained as Polanyi straining to demarcate his substantivist economic theory from those he saw as rivals, like orthodox Marxism. The substantivism comes through much more in his later work on pre-capitalist societies and I think shows the shortcomings of the Polanyian perspective; to oversimplify, he tries to show that markets in pre-capitalist societies were "not real markets", which I don't buy. Polanyi's substantivism isn't quite as over the top as Moses Finley, but I think I'm not exaggerating when I say that it's not considered all that convincing these days.

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Peter Dorman's avatar

I realize this is long after the train has left the station, but for a long time I wanted to teach a course on the intellectual response to WWII -- the sweeping books that came out in the 40s in response to the war's challenge to social theory and postwar policy. TGT would be on the reading list, of course, along with The Road to Serfdom, Mannheim's Man and Society in an Age of Reconstruction, and perhaps also The Second Sex, since fascism's gender aspect was so vivid. I would love to have something representing the anti-colonial movement, since the post-WWII years were so pivotal, but it's hard to think of a single work that captures that moment. (The Origins of Totalitarianism misses the 1949 cutoff, by the way.)

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