Karl Polanyi
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Karl Polanyi
Karl Paul Polanyi (; hu, Polányi Károly ; 25 October 1886 – 23 April 1964),''Encyclopædia Britannica'' (Chicago: Encyclopædia Britannica Inc. 2003) vol 9. p. 554 was an Austro-Hungarian economic anthropologist and politician, best known for his book '' The Great Transformation,'' which questions the conceptual validity of self-regulating markets. In his writings, Polanyi advances the concept of the Double Movement, which refers to the dialectical process of marketization and push for social protection against that marketization. He argues that market-based societies in modern Europe were not inevitable but historically contingent. Polanyi is remembered best as the originator of substantivism, a cultural version of economics, which emphasizes the way economies are embedded in society and culture. This opinion is counter to mainstream economics but is popular in anthropology, economic history, economic sociology and political science. Polanyi's approach to the ancient ec ...
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Historical School Of Economics
The historical school of economics was an approach to academic economics and to public administration that emerged in the 19th century in Germany, and held sway there until well into the 20th century. The professors involved compiled massive economic histories of Germany and Europe. Numerous Americans were their students. The school was opposed by theoretical economists. Prominent leaders included Gustav von Schmoller (1838–1917), and Max Weber (1864–1920) in Germany, and Joseph Schumpeter (1883–1950) in Austria and the United States. Tenets The historical school held that history was the key source of knowledge about human actions and economic matters, since economics was culture-specific, and hence not generalizable over space and time. The school rejected the universal validity of economic theorems. They saw economics as resulting from careful empirical and historical analysis instead of from logic and mathematics. The school also preferred reality, historical, politi ...
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Richard Tawney
Richard Henry Tawney (30 November 1880 – 16 January 1962) was an English economic historian, social critic, ethical socialist,Noel W. Thompson. ''Political economy and the Labour Party: the economics of democratic socialism, 1884-2005''. 2nd edition. Oxon, England, UK; New York, New York, US: Routledge, 2006. Christian socialist, and important proponent of adult education. ''The Oxford Companion to British History'' (1997) explained that Tawney made a "significant impact" in all four of these "interrelated roles". A. L. Rowse goes further by insisting that "Tawney exercised the widest influence of any historian of his time, politically, socially and, above all, educationally". Early life and education Born on 30 November 1880 in Calcutta, British India (present-day Kolkata, India), Tawney was the son of the Sanskrit scholar Charles Henry Tawney. He was educated at Rugby School, arriving on the same day as William Temple, a future Archbishop of Canterbury; they remained f ...
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Joseph Stiglitz
Joseph Eugene Stiglitz (; born February 9, 1943) is an American New Keynesian economist, a public policy analyst, and a full professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is a former senior vice president and chief economist of the World Bank. He is also a former member and chairman of the (US president's) Council of Economic Advisers. He is known for his support of Georgist public finance theory and for his critical view of the management of globalization, of ''laissez-faire'' economists (whom he calls " free-market fundamentalists"), and of international institutions such as the International Monetary Fund and the World Bank. In 2000, Stiglitz founded the Initiative for Policy Dialogue (IPD), a think tank on international development based at Columbia University. He has been a member of the Columbia faculty since 2001, and received the university's highest academic rank ( ...
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Mark Granovetter
Mark Sanford Granovetter (; born October 20, 1943) is an American sociologist and professor at Stanford University. He is best known for his work in social network theory and in economic sociology, particularly his theory on the spread of information in social networks known as ''The Strength of Weak Ties'' (1973). In 2014 Granovetter was named a Citation Laureate by Thomson Reuters and added to that organization’s list of predicted Nobel Prize winners in economics. Data from the Web of Science show that Granovetter has written both the first and third most cited sociology articles. Education Granovetter earned an Bachelor of Arts degree in history at Princeton University (1965) and a PhD in sociology at Harvard University (1970). At Harvard his research was supervised by Harrison White. Career and research Granovetter is currently the Joan Butler Ford Professor in the School of Humanities and Sciences at Stanford and is the chair of the Department of Sociology. He previous ...
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Carl Menger
Carl Menger von Wolfensgrün (; ; 28 February 1840 – 26 February 1921) was an Austrian economist and the founder of the Austrian School of economics. Menger contributed to the development of the theories of marginalism and marginal utility, which rejected cost-of-production theory of value, such as developed by the classical economists such as Adam Smith and David Ricardo. As a departure from such, he would go on to call his resultant perspective, the subjective theory of value. Biography Family and education Carl Menger von Wolfensgrün was born in the city of Neu-Sandez in Galicia, Austrian Empire, which is now Nowy Sącz in Poland. He was the son of a wealthy family of minor nobility; his father, Anton Menger, was a lawyer. His mother, Caroline Gerżabek, was the daughter of a wealthy Bohemian merchant. He had two brothers, Anton and Max, both prominent as lawyers. His son, Karl Menger, was a mathematician who taught for many years at Illinois Institute of Technolog ...
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György Lukács
György Lukács (born György Bernát Löwinger; hu, szegedi Lukács György Bernát; german: Georg Bernard Baron Lukács von Szegedin; 13 April 1885 – 4 June 1971) was a Hungarian Marxist philosopher, literary historian, critic, and aesthetician. He was one of the founders of Western Marxism, an interpretive tradition that departed from the Marxist ideological orthodoxy of the Soviet Union. He developed the theory of reification, and contributed to Marxist theory with developments of Karl Marx's theory of class consciousness. He was also a philosopher of Leninism. He ideologically developed and organised Lenin's pragmatic revolutionary practices into the formal philosophy of vanguard-party revolution. As a literary critic Lukács was especially influential due to his theoretical developments of realism and of the novel as a literary genre. In 1919, he was appointed the Hungarian Minister of Culture of the government of the short-lived Hungarian Soviet Republic (Mar ...
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Max Weber
Maximilian Karl Emil Weber (; ; 21 April 186414 June 1920) was a German sociologist, historian, jurist and political economist, who is regarded as among the most important theorists of the development of modern Western society. His ideas profoundly influence social theory and research. While Weber did not see himself as a sociologist, he is recognized as one of the fathers of sociology along with Karl Marx, and Émile Durkheim. Unlike Durkheim, Weber did not believe in monocausal explanations, proposing instead that for any outcome there can be multiple causes. Also unlike Durkheim, Weber was a key proponent of methodological anti-positivism, arguing for the study of social action through interpretive rather than purely empiricist methods, based on a subjective understanding of the meanings that individuals attach to their own actions. Weber's main intellectual concern was in understanding the processes of rationalisation, secularisation, and the ensuing sense of "disenchan ...
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Werner Sombart
Werner Sombart (; ; 19 January 1863 – 18 May 1941) was a German economist and sociologist, the head of the "Youngest Historical School" and one of the leading Continental European social scientists during the first quarter of the 20th century. The term late capitalism is accredited to him. The concept of creative destruction associated with capitalism is also of his coinage. His ''magnum opus'' was ''Der moderne Kapitalismus''. It was published in 3 volumes from 1902 through 1927. In ''Kapitalismus'' he described four stages in the development of capitalism from its earliest iteration as it evolved out of feudalism, which he called proto-capitalism to early, high and, finally, late capitalism —''Spätkapitalismus''— in the post World War I period. Life and work Early career, socialism and economics Werner Sombart was born in Ermsleben, Harz, the son of a wealthy liberal politician, industrialist, and estate-owner, Anton Ludwig Sombart. He studied law and economics at the ...
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Alfred Radcliffe-Brown
Alfred Reginald Radcliffe-Brown, FBA (born Alfred Reginald Brown; 17 January 1881 – 24 October 1955) was an English social anthropologist who helped further develop the theory of structural functionalism. Biography Alfred Reginald Radcliffe-Brown was born Alfred Reginald Brown in Sparkbrook, Birmingham, England, the second son of Alfred Brown (d.1886), a manufacturer's clerk, and his wife Hannah (née Radcliffe). He later changed his last name, by deed poll, to Radcliffe-Brown, Radcliffe being his mother's maiden name. He was educated at King Edward's School, Birmingham, and Trinity College, Cambridge (B.A., 1905; M.A., 1909), graduating with first-class honours in the moral sciences tripos. At Trinity College, he was elected Anthony Wilkin student in 1906 and 1909. While still a student, he earned the nickname "Anarchy Brown" for his close interest in the writings of the anarcho-communist and scientist Peter Kropotkin. :"Like other young men with blood in their veins, ...
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Adam Smith
Adam Smith (baptized 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment. Seen by some as "The Father of Economics"——— or "The Father of Capitalism",———— he wrote two classic works, ''The Theory of Moral Sentiments'' (1759) and ''The Wealth of Nations, An Inquiry into the Nature and Causes of the Wealth of Nations'' (1776). The latter, often abbreviated as ''The Wealth of Nations'', is considered his ''magnum opus'' and the first modern work that treats economics as a comprehensive system and as an academic discipline. Smith refuses to explain the distribution of wealth and power in terms of God's will, God’s will and instead appeals to natural, political, social, economic and technological factors and the interactions between them. Among other economic theories, the work introduced Smith's idea of absolute advantage. Smith studied social philos ...
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Ferdinand Tönnies
Ferdinand Tönnies (; 26 July 1855 – 9 April 1936) was a German sociologist, economist, and philosopher. He was a significant contributor to sociological theory and field studies, best known for distinguishing between two types of social groups, Gemeinschaft and Gesellschaft (''community and society''). He co-founded the German Society for Sociology together with Max Weber and Georg Simmel and many other founders. He was president of the society from 1909 to 1933, after which he was ousted for having criticized the Nazis. Tönnies was regarded as the first proper German sociologist and published over 900 works, contributing to many areas of sociology and philosophy. Tönnies, Max Weber, and Georg Simmel are considered the founding fathers of classical German sociology. Though there has been a resurgence of interest in Weber and Simmel, Tönnies has not drawn as much attention. Biography Early life He was born on 26 July 1855 on the Haubuarg "De Reap," Oldenswort on the ...
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Karl Bücher
Karl Wilhelm Bücher (16 February 1847, Kirberg, Hesse – 12 November 1930, Leipzig, Saxony) was a German economist, one of the founders of non-market economics, and the founder of journalism as an academic discipline. Biography Early life Karl Bücher was born in Kirberg, a small village in Hesse, as the son of a small, not very successful brushmaker and farmer; his grandfather Philipp was a cabinet-maker. Karl's mother, Christiane née Dorn, was the daughter of a baker . Bücher attended a private preparatory school with a Pastor in nearby Dauborn and 1863–1866 the Catholic Gymnasium in Hadamar, where he was ''primus omnium'' . A former teacher of Bücher's recommended he attend university and, after much discussion, Bücher's parents finally consented . Later years Bücher studied at the University of Bonn (also part of Prussia), concentrating on History and Classics, with the aim to become a Gymnasium teacher . Bücher's most important professor was the Ancie ...
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