Jump to ContentJump to Main Navigation
Business as UsualThe Roots of the Global Financial Meltdown$
Users without a subscription are not able to see the full content.

Craig Calhoun and Georgi Derluguian

Print publication date: 2011

Print ISBN-13: 9780814772775

Published to NYU Press Scholarship Online: March 2016

DOI: 10.18574/nyu/9780814772775.001.0001

Show Summary Details
Page of

PRINTED FROM NYU Press SCHOLARSHIP ONLINE (www.nyu.universitypressscholarship.com). (c) Copyright University of NYU Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in NYSO for personal use.date: 28 June 2022

Marketization, Social Protection, Emancipation

Marketization, Social Protection, Emancipation

Toward a Neo-Polanyian Conception of Capitalist Crisis

(p.137) Chapter 5 Marketization, Social Protection, Emancipation
Business as Usual

Nancy Fraser

NYU Press

This chapter introduces a “neo-Polanyian” conception of capitalist crisis, by drawing from and engaging with Karl Polanyi's framework. Polanyi had described a “double movement” by which societies typically correct for the predations inflicted by unregulated markets (and thus secure their future). Government is crucial to providing social insurance, education, food or health support, and other benefits. Social movements are crucial to producing government action (and also, often concessions from businesses). But these are not simply class or labor struggles. Nor does the double movement imply overcoming capitalism; it can be a push for “repurposing” capitalist wealth as well as for simple redistribution.

Keywords:   Karl Polanyi, capitalist crisis, double movement, government action, capitalism

NYU Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.