Browse

The book provides a new perspective on the early work of the Frankfurt School, by focusing on the vital role that affect and feeling play in the development of critical theory. Building on contemporary theories of affect, the author argues that any renewal of critical theory today must have an affective politics at its core. If one’s aim is to effectively theorize, criticize, and ultimately transform existing social relations, then a strictly rationalist model of political thought remains inadequate. In many respects, this flies in the face of predominant forms of political philosophy, which have long upheld reason and rationality as sole proprietors of political legitimacy. Critical theory and feeling shows how the work of the early Frankfurt School offers a dynamic and necessary corrective to the excesses of formalized reason. Studying a range of themes – from melancholia, unhappiness, and hope, to mimesis, affect, and objects – this book provides a radical rethinking of critical theory for our times.

Karl Polanyi (1886–1964) returned to public discourse in the 1990s, when the Soviet Union imploded and globalization erupted. Best known for The Great Transformation, Polanyi’s wide-ranging thought anticipated twenty-first-century civilizational challenges of ecological collapse, social disintegration and international conflict, and warned that the unbridled domination of market capitalism would engender nationalist protective counter-movements. In Karl Polanyi and Twenty-First-Century Capitalism, Radhika Desai and Kari Polanyi Levitt bring together prominent and new thinkers in the field to extend the boundaries of our understanding of Polanyi’s life and work. Kari Polanyi Levitt’s opening essay situates Polanyi in the past century shaped by Keynes and Hayek, and explores how and why his ideas may shape the twenty-first century. Her analysis of his Bennington Lectures, which pre-dated and anticipated The Great Transformation, demonstrates how Central European his thought and chief concerns were. The next several contributions clarify, for the first time in Polanyi scholarship, the meaning of money as a fictitious commodity. Other contributions resolve difficulties in understanding the building blocks of Polanyi’s thought: fictitious commodities, the double movement, the United States’ exceptional development, the reality of society and socialism as freedom in a complex society. The volume culminates in explorations of how Polanyi has influenced, and can be used to develop, ideas in a number of fields, whether income inequality, world-systems theory or comparative political economy. Contributors: Fred Block, Michael Brie, Radhika Desai, Michael Hudson, Hannes Lacher, Kari Polanyi Levitt, Chikako Nakayama, Jamie Peck, Abraham Rotstein, Margaret Somers, Claus Thomasberger, Oscar Ugarteche Galarza.