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2020 | 23 | 3 | 21-36

Article title

Pieniądz jako towar fikcyjny – utopia liberalizmu według Karla Polanyiego

Authors

Content

Title variants

EN
Money as a fictitious commodity – liberal utopia according to Karl Polanyi

Languages of publication

Abstracts

EN
This article concerns Karl Polanyi’s theory of money as a fictitious commodity and its importance for understanding liberal ideology. According to the Hungarian economist, money is not a commodity but a social relation between the debtor and the creditor. Therefore, the complete commodification of money is part of a liberal utopia, as it is associated with a counter-movement and an economic crisis, two processes that make impossible the constitution of a market society. The author analyzes the problem of counter-movement through the prism of Karl Mannheim’s theory of utopia and ideology. The final part of the article deals with the problem of economic crises, Polanyi’s views on the nature of economic breakdown are compared with contemporary reflection on the role of money in financial markets.

Year

Volume

23

Issue

3

Pages

21-36

Physical description

Dates

published
2020

Contributors

  • University of Warsaw, College of Interdisciplinary Individual Studies in Humanities and Social Sciences

References

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  • Jessop, B. (2019). A Polanyian paradox: Money and credit as fictitious commodities, financialization, finance-dominated accumulation, and financial crises. W: R. Atzmüller, B. Aulenbacher, U. Brand, F. Décieux, K. Fischer, B. Sauer (red.), Capitalism in Transformation: Movements and Countermovements in the 21st Century (s. 79–90). Cheltenham: Edward Elgar Publishing.
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Document Type

Publication order reference

Identifiers

Biblioteka Nauki
1449992

YADDA identifier

bwmeta1.element.ojs-doi-10_18778_1899-2226_23_3_02
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