SOSC 2560 Lecture Notes - Lecture 13: The Great Transformation (Book), Karl Polanyi, Economic Democracy

• School: York University
• Department: Social Science
• Course: SOSC 2560
• Professor: Arash Falasiri

Document Summary

Methods: immanent critique & constellation an ideological discourse is true at one particular level but false in a general sense the problem of the whole and the importance of contradictions and gaps. Adorno"s view on progress: progress from the slingshot to the atomic bomb . Progress is to prevent the next catastrophe (ex. Only those reflections about progress have truth that immerse themselves in progress and yet maintain distance . Polanyi"s view ran counter to mainstream economics: economies are embedded in society and culture. His theory eventually becomes the foundation for the economic democracy movement. Ideological-thinking: reduction to one level or point of view. The market society: such a system capable of organizing the whole of economic life without outside help or interference would certainly deserve to be called self-regulating . Market as the myth of our time! Market rules everyone"s lives; money is just a factor ex.