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Journal ArticleDOI

Who is right about the modern economy: Polanyi, Zelizer, or both?

Philippe Steiner
- 01 Jan 2009 - 
- Vol. 38, Iss: 1, pp 97-110
TLDR
Zelizer's work may be read as an attack on the central Polanyian thesis: that the market system threatens social life by the undue prominence it lends the economy in the organization of modern society as mentioned in this paper.
Abstract
Zelizer’s work may be read as an attack on the central Polanyian thesis: that the market system threatens social life by the undue prominence it lends the economy in the organization of modern society. The recent publication of Viviana Zelizer’s The Purchase of Intimacy (2005a) is therefore an excellent opportunity to review the general trend of her work Zelizer 1979, 1985, 1994, and contrast her leading ideas to the central thesis that gives Polanyi’s work its particular flavor: the danger encapsulated in the use of modern money and the functioning of the market system.

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Citations
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Journal ArticleDOI

Repugnance as a Constraint on Markets

TL;DR: The authors examines how repugnance sometimes constrains what transactions and markets we see and finds that distaste for certain kinds of transactions is a real constraint, every bit as real as the constraints imposed by technology or by the requirements of incentives and efficiency.
Dissertation

Des loan sharks aux banques : croisades, construction et segmentation d'un marché du crédit aux États-Unis, 1900-1945

TL;DR: In this article, a new conceptualisation of the relation of credit is proposed, in which different forms of encastrement of the credit system are considered. But, the conceptualisation is not restricted to credit, but also to socio-economic, social, and political.
Journal ArticleDOI

Contradictions in the commodification of hospital care.

TL;DR: The article examines the contradictory commodification of hospital care in three hospitals within one Northern California community by examining different moral-market understandings and practices in the context of a single market-based organizational field.
References
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Journal ArticleDOI

Social Structure and Competition in Interfirm Networks: The Paradox of Embeddedness

TL;DR: In this article, the authors develop one of perhaps multiple specifications of embeddedness, a concept that has been used to refer broadly to the contingent nature of economic action with respect to cognition, social structure, institutions, and culture.
Book

The Great Transformation: The Political and Economic Origins of Our Time

TL;DR: In this paper, the key to the institutional system of the 19 century lay in the laws governing market economy, which was the fount and matrix of the system was the self-regulating market, and it was this innovation which gave rise to a specific civilization.
Book

The Great Transformation

Karl Polanyi
Journal Article

The Sources and Consequences of Embeddedness for the Economic Performance of Organizations: The Network Effect

Brian Uzzi
- 01 Jan 2007 - 
TL;DR: In this article, the authors tried to take the term of embededness out of the framework of the common program assumption and to disclose how the embeddness and network structure influence economic action and found that firms organized as networks had better chances to survive than those who support casual market ties.