Polanyian perspectives on capitalisms after socialism

Dorothee Bohle, Béla Greskovits

Research output: Contribution to Book/Report typesChapterpeer-review

Abstract (may include machine translation)

The chapter presents the building blocks of a Polanyi-inspired analytical framework of the varied paths of post-socialist capitalism in good times and bad. Instead of looking for total similarities, it considers Polanyi's work as a rich source of reference points, analogies and contrasts to better understand the birth, stabilization, and recent turbulences of nascent market societies. The trajectories of East Central European capitalism are followed through three phases: the early-to-mid-1990s, marked by what the authors term a neoliberal moment and the transformational recession; the new social orders democratic moment and brief golden age roughly from the late 1990s to the mid-2000s; and the return of hard times after 2008 with the global financial crisis and Great Recession, heralding what seems to be a "nationalist moment".

Original languageEnglish
Title of host publicationCapitalism in Transformation
Subtitle of host publicationMovements and Counter movements in the 21st Century
PublisherEdward Elgar Publishing Ltd.
Pages92-104
Number of pages13
ISBN (Electronic)9781788974240
ISBN (Print)9781788974233
DOIs
StatePublished - 1 Jan 2019

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