Karl Polanyi: A Life on the Left

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Description

Karl Polanyi (1886–1964) used to be one of the vital twentieth century’s most original interpreters of the market economy. His penetrating analysis of globalization’s disruptions and the Great Depression’s underlying causes still serves as an efficient counterargument to free market fundamentalism. This biography shows how the major personal and historical events of his life transformed him from a bourgeois radical into a Christian socialist but additionally informed his ambivalent stance on social democracy, communism, the New Deal, and the shifting intellectual scene of postwar The us.

The book begins with Polanyi’s childhood within the Habsburg Empire and his involvement with the Great War and Hungary’s postwar revolution. It connects Polanyi’s idealistic radicalism to the political promise and intellectual ferment of Red Vienna and the horror of fascism. The narrative revisits Polanyi’s oeuvre in English, German, and Hungarian, includes exhaustive research in five archives, and features interviews with Polanyi’s daughter, students, and colleagues, clarifying the contradictory aspects of the thinker’s work. These personal accounts also make clear Polanyi’s connections to scholars, Christians, atheists, journalists, cold and hot warriors, and socialists of all stripes. Karl Polanyi: A Life at the Left engages with Polanyi’s biography as a reflection and condensation of peculiar times. It highlights the historical ruptures, tensions, and upheavals that the thinker sought to capture and comprehend and, in telling his story, engages with the intellectual and political history of a turbulent epoch.

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