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Karl Polanyi and twenty-first-century capitalism$
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Radhika Desai and Kari Polanyi Levitt

Print publication date: 2020

Print ISBN-13: 9781526127884

Published to Manchester Scholarship Online: January 2021

DOI: 10.7765/9781526127891

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PRINTED FROM MANCHESTER SCHOLARSHIP ONLINE (www.manchester.universitypressscholarship.com). (c) Copyright Manchester University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MSO for personal use.date: 12 April 2021

Karl Polanyi as a precursor of world-systems theorists: an investigation of the theoretical lineage to Giovanni Arrighi

Karl Polanyi as a precursor of world-systems theorists: an investigation of the theoretical lineage to Giovanni Arrighi

Chapter:
(p.231) 11 Karl Polanyi as a precursor of world-systems theorists: an investigation of the theoretical lineage to Giovanni Arrighi
Source:
Karl Polanyi and twenty-first-century capitalism
Author(s):

Chikako Nakayama

Publisher:
Manchester University Press
DOI:10.7765/9781526127891.00020

This chapter discusses the theoretical and historical relationship between Karl Polanyi’s book, The Great Transformation, and Giovanni Arrighi’s 1994 work, The Long Twentieth Century. Arrighi was already acquainted with Polanyi’s works in the 1970s in his critical inspection of the concept of imperialism. But then, he rediscovered Polanyi in the discussion of globalisation around the turn of the twentieth century, after becoming conscious of the vital importance of Fernand Braudel’s perspective and of economic sociology for understanding historical capitalism. He put Polanyi’s discussion of the rise and decline of British hegemony in the longer historical perspective and in a more complex structure of the world-systems theory, and investigated it in connection to the American hegemony. In this way, Arrighi has accomplished a very unique theoretical contribution to the globalised world of our age.

Keywords:   Arrighi, G, world-systems theory, hegemony, Braudel, F, eEconomic sociology

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