The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Polanyi, Karl (1886–1964)

  • George Dalton
Reference work entry


Polanyi was born in Vienna in 1886 and grew up in Budapest, where he studied law and philosophy. He served as an officer in the First World War, after which he turned to economic journalism as foreign editor of Vienna’s Osterreichisiche Volkswirt throughout the 1920s. He emigrated to England in 1933, where he worked in adult education, as a lecturer on world affairs for the Workers’ Educational Association and for the Extramural Delegacies of the Universities of Oxford and London. He became intensely interested in the origins of the British Industrial Revolution and the enormity of its economic and social consequences, the subject of his book, The Great Transformation (1944), written while he was a resident scholar at Bennington College in Vermont between 1940 and 1943.


Machine technology Managed capitalism Polanyi, K. Pre-industrial economies 

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  1. Adelman, I., and C.T. Morris. 1978. Patterns of market expansion in the nineteenth century: A quantitative study. In Research in economic anthropology, ed. G. Dalton, vol. 1. Greenwich: JAI Press.Google Scholar
  2. Dalton, G., and J. Köcke. 1983. The work of the Polanyi group: Past, present, and future. In Economic anthropology, ed. S. Ortiz. New York: University Press of America.Google Scholar
  3. Polanyi-Levitt, K., ed. 1990. The life and work of Karl Polanyi. Montreal: Black Rose Books.Google Scholar
  4. Stanfield, J. 1986. The economic thought of Karl Polanyi: Lives and livelihood. London: Palgrave MacMillan.CrossRefGoogle Scholar
  5. Valensi, L., et al. 1981. Economic anthropology and history: The work of Karl Polanyi. In Research in economic anthropology, ed. G. Dalton, vol. 4. Greenwich: JAI Press.Google Scholar

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • George Dalton
    • 1
  1. 1.