The dramatic expansion of neoliberalism since the late 1970s has generated considerable resistance. In Polanyi’s (1944 [2001], 130) description, “The dynamics of modern society [were] governed by a double movement: the market expanded continuously but this movement was met by a countermovement checking to expansion in definite directions. Vital though such a countermovement was for the producti...

As a designated field of inquiry, economic sociology is not much more than a century old, even though its intellectual roots are identifiable in older traditions of philosophical and social thought. During the past quarter-century it has experienced an explosive growth, and now stands as one of the most conspicuous and vital subfields of its parent discipline. In this introduction we first defi...

Half a century after Michael Polanyi conceptualised ‘the tacit component’ in personal knowing, management studies has reinvented ‘tacit knowledge’—albeit in ways that squander the advantages of Polanyi’s insights and ignore his faith in ‘spiritual reality’. While tacit knowing challenged the absurdities of sheer objectivity, expressed in a ‘perfect language’, it fused rational knowing, based on...

Agent based models of human systems, such as those found in behavioural economics, implement their agents intelligence through the use of simple rules. These models have proved to be worthwhile research tools. However, improving the outputs of these models will require a greater emphasis on the development of intelligence within the model agents. A deeper understanding of the cognitive process ...

Abstract Recent commentary on Karl Polanyi’s oeuvre has argued that the émigré scholar abandoned his earlier concerns of working out a (socialist) alternative to liberal market society when delving into institutional study ancient economies at Columbia University from late 1940s 1950s. This article reconsiders work through lens 1920s efforts theorize socialist accounting and economy in context ...