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Karl Polanyi, Globalisation and the Potential of Law in Transnational Markets (Hardcover, New)
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Karl Polanyi, Globalisation and the Potential of Law in Transnational Markets (Hardcover, New)
Series: International Studies in the Theory of Private Law
Expected to ship within 12 - 19 working days
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The patterns and impact of globalization have become a common
concern of all international jurists, sociologists, political
scientists, and philosophers. Many have observed the erosion of the
powers of nation states and the emergence of new transnational
governance regimes, and seek to understand their internal dynamics,
re-regulatory potential, and normative quality. Karl Polanyi's
seminal book - The Great Transformation - is attracting new
attention to such endeavors, mirroring a growing sensitivity to the
social and economic risks of dis-embedding politics. Their
re-construction by Polanyi - including his warning against a
commodification of labor, land, and money - provide the
trans-disciplinary reference point for the contributions to this
book. Political economy, political theory, sociology, and political
science inform this discussion of Polanyi's insights in the age of
globalization. Further theoretical essays and case studies look at
his 'false commodities': money, labor (and services), and land (and
the environment). Jurists have hardly ever discussed Polanyi, and
the law has not been taken very seriously among 'Polanyians.' It is
nevertheless clear that economic stability and social protection
are simply inconceivable without the visible hand of law. The legal
discussion in this book's concluding chapters do not, and cannot,
depart directly from such premises. The framework of their analyses
is, instead, informed by current debates on the emergence of
para-legal regimes, the fragmentation of international law, and the
prospects of constitutional perspectives within which the rule of
law and the notion of law-mediated legitimate governance are
established. Polanyi's notion of the co-originality of
dis-embedding moves and re-imbedding countermoves can, however, be
usefully employed in the re-construction of the sociological
background of the moves and tensions which jurists discern.
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