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Polanyi and foucault on the issue of market in classical political economy: Complementary approaches to the radical theory of social control

Guizzo, Danielle; Vigo de Lima, Iara

Authors

Iara Vigo de Lima



Abstract

© 2016 Union for Radical Political Economics. Studies have pointed out that the value of markets is related to their impact on the character of a society. Karl Polanyi’s thesis about social disembeddedness attributed to 19th century economic liberalism the responsibility for consolidating the process of separating markets from society, which changed the dynamics between the state and population when economic rationality began dictating their connections. However, Polanyi only suggested analyses regarding power relations between these three elements and their effects on the social context. This paper argues that Michel Foucault’s writings concerning technologies of power and biopolitics complement Polanyi’s considerations insofar as they provide an understanding about how biopolitics emerged and how this led to a new posture of the state regarding population care and economic environment regulation.

Citation

Vigo de Lima, I., Guizzo, D., & Lima, I. (2017). Polanyi and foucault on the issue of market in classical political economy: Complementary approaches to the radical theory of social control. Review of Radical Political Economics, 49(1), 100-113. https://doi.org/10.1177/0486613415621745

Journal Article Type Article
Acceptance Date Jun 11, 2015
Online Publication Date Dec 23, 2015
Publication Date Jan 1, 2017
Journal Review of Radical Political Economics
Print ISSN 0486-6134
Electronic ISSN 1552-8502
Publisher SAGE Publications
Peer Reviewed Peer Reviewed
Volume 49
Issue 1
Pages 100-113
DOI https://doi.org/10.1177/0486613415621745
Keywords Karl Polanyi, embeddedness, classical economic liberalism, Michel Foucault, biopoliticsA14, B12, B50
Public URL https://uwe-repository.worktribe.com/output/897476
Publisher URL http://dx.doi.org/10.1177/0486613415621745