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Karl Polanyi on Ethics and Economics
Breaking new ground in Polanyi scholarship, Gregory
Baum explores the relation between ethics, culture, and eco-
nomics in Karl Polanyi's writings. He identifies and analyses
key concepts of Polanyi's thought and shows how they
apply to the contemporary debate on ethics and economics.
Exploring Polanyi's lesser-known works as well as
The
Great Transformation,
Baum provides a more complete and
nuanced understanding of Polanyi's thought. He examines
Polanyi's interpretation of modern economic and social his-
tory, clarifies the ethical presuppositions present in Polanyi's
work, and shows how Polanyi's understanding of the rela-
tion between ethics and economics touches on many issues
relevant to the contemporary debate about the world's eco-
nomic future. He argues that we should look to Polanyi's
understanding of modern capitalism to reinstate the social
discourse and, in political practice, the principles of reci-
procity and solidarity and points to examples, both in
Canada and abroad, of attempts to formulate alternative
models of economic development and to create new forms
of institutional and cultural intervention.
Karl Polanyi on Ethics and Economics
provides fascinating
insights into Polanyi's work and today's central social and
political issues. It will be of great interest to sociologists,
economists, political scientists, and philosophers.
GREGORY BAUM is professor emeritus of theological ethics
and sociology of religion, McGill University.
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Karl Polanyi on
Ethics and Economics
Gregory Baum
McGill-Queen's University Press
Montreal & Kingston • London • Buffalo
©
McGill-Queen's University Press
ISBN 0-7735-1395-7 (cloth)
ISBN 0-7735-1396-5 (paper)
Legal deposit first quarter 1996
Bibliotheque nationale du Quebec
Printed in Canada on acid-free paper
McGill-Queens University Press is grateful
to the Canada Council
for support of its publishing program.
Cataloguing in Publication Data
Baum, Gregory, 1923-
Karl Polanyi on ethics and economics.
Includes bibliographical references.
ISBN 0-7735-1395-7 (bound) -
ISBN 0-7735-1396-5 (pbk.)
I. Polanyi, Karl, 1886-1964. 2. Economics - Moral and
ethical aspects. I. Title.
HB72.B34 1996 330'.092 C95-920889-5
Typeset in Adobe Garamond 10.5/13
by Caracte'ra inc., Quebec City

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