Market and Society: The Great Transformation Today

Half-title......Page 3
Title......Page 5
Copyright......Page 6
Contents......Page 7
Figures and Table......Page 9
Contributors......Page 11
Market and society......Page 15
The Great Transformation......Page 18
Polanyi's relevance to changing times......Page 21
The human economy......Page 24
Economic anthropology......Page 26
The chapters......Page 28
Acknowledgements......Page 30
2 Necessity or contingency: Mutuality and market......Page 31
Framing markets: the precariousness of trust......Page 34
Making markets......Page 35
Mutuality inside markets: the house and house-business......Page 37
Mutuality inside markets: oligopolies......Page 40
Everyday mystification: the appropriation of features......Page 42
The dialectics of reason......Page 45
Cascading and mystification in discourse: disembedding the embedded......Page 46
Goodbye to pensée sauvage......Page 48
Introduction......Page 52
Embeddedness: the ironies of the career of a concept......Page 55
Coordination problems in market exchange as the starting point of economic sociology......Page 57
Value......Page 59
Competition......Page 61
Cooperation......Page 62
Combining sociological, historical, and anthropological perspectives......Page 63
Embeddedness and social reform......Page 64
Embeddedness and modernity......Page 66
Conclusion......Page 69
4 The critique of the economic point of view: Karl Polanyi and the Durkheimians......Page 70
Historical comparative approach......Page 71
Anthropology and modern economic society......Page 74
The market system and the role of economic knowledge......Page 77
The role of economic knowledge in The Great Transformation......Page 78
Formal economics and the "obsolete market mentality"......Page 80
Polanyi and cognitive embeddedness......Page 82
Conclusion......Page 85
5 Toward an alternative economy: Reconsidering the market, money, and value......Page 86
Beyond a critique of the market......Page 88
The fictitious commodities......Page 91
A nonevolutionary vision of the principles of economic integration......Page 93
The logic of the marketplace versus the logic of customer ties......Page 95
Limits to the fungibility of money......Page 98
The enigma of economic value......Page 101
A "Magellan moment"......Page 105
Money in The Great Transformation......Page 108
The origins of our times revisited......Page 111
Money in the human economy......Page 113
Confronting the money crisis then and now......Page 116
7 Debt, violence, and impersonal markets: Polanyian meditations......Page 120
Value versus debt......Page 121
On infinite debt and transactional logics......Page 126
Reciprocal exchange......Page 128
The agonistic or heroic gift......Page 129
On "Primordial Debt" and the State......Page 131
Less totalizing alternatives: marriage and vengeance......Page 135
On the relation of human economies to market economies......Page 138
Notes on the history of monetary instruments: commodity, credit, trust, and violence......Page 139
Age of the first agrarian empires (3500 BCE to 800 BCE): dominant form, virtual credit-money......Page 140
Axial Age (800 BCE to 600 CE): dominant form, coinage, and metal bullion......Page 141
The Middle Ages (600 to 1500): the return of virtual credit-money......Page 142
The age of European empires (1500–1971): the return of precious metals......Page 143
Conclusion......Page 144
Introduction......Page 147
Polanyi the conceptual tool-maker......Page 148
Universal and general theories of value......Page 153
Toward a critique of Polanyi's concept of householding......Page 156
Economy as a non-instituted process......Page 158
Sharing......Page 161
Giving......Page 167
Taking......Page 170
Conclusion......Page 171
The Great Transformation: ethnographic sources and the subject of work......Page 174
Work as interaction......Page 177
Working abroad: expeditions and migrants......Page 183
Toward a comparative anthropology of work......Page 185
The framing......Page 189
The "double movement" in India......Page 192
The local landscape of labor......Page 195
The local union scene......Page 198
INTUC and the BSP workforce......Page 202
Plant contract labor and the unions......Page 205
The unions and the mines......Page 207
The CMM on the industrial estate......Page 212
Hegemony and resistance: conclusion......Page 215
Introduction: fictions and prices......Page 217
Price composites, historical moments, and the moral economy of prices......Page 219
Representations of custom: the United States, summer 2006......Page 222
Consumer petrol prices in Nigeria......Page 224
At the petrol pump......Page 225
Inferences......Page 226
Where is finance? And is risk a new fictitious commodity?......Page 227
Finance in comparative perspective......Page 231
Final thoughts......Page 233
Introduction......Page 235
A brief history of English welfare......Page 238
Welfare state......Page 239
Gender......Page 241
Community recycling schemes......Page 242
Frame......Page 243
Provide......Page 245
Illusions of freedom......Page 247
The second life of objects......Page 249
Work and the third sector......Page 251
Conclusion......Page 252
13 Market and economy in environmental conservation in Jamaica......Page 254
Environmental conservation in Jamaica......Page 256
Land......Page 258
Labor......Page 262
Conclusion......Page 267
Acknowledgements......Page 269
Introduction......Page 270
Feudalism......Page 273
Maoism......Page 275
The reform era......Page 277
Land......Page 279
Labor......Page 281
Money......Page 282
Conclusion......Page 283
Acknowledgements......Page 285
15 Afterword: learning from Polanyi 2......Page 286
Bibliography......Page 298
Index......Page 327