2 Interview
Marguerite Mendell
I co-founded the Karl Polanyi Institute of Political Economy with Kari Polanyi Levitt, Polanyi’s daughter and Professor Emerita, McGill University, in 1988. My own discovery of Karl Polanyi was in the late 1970’s in my research for my doctoral dissertation, which I completed in the early 1980’s. As a graduate student in Economics, I was surprised that we had never been exposed to Polanyi’s writings. At the time, History of Economic Thought and Economic History were part of the graduate curriculum, yet his writings were not on any syllabus, in hindsight, this is not a surprise, given that Polanyi’s influence was almost exclusively in Economic Anthropology at the time and interdisciplinary dialogue was rare. Fortunately, I had an excellent thesis supervisor who was equally inspired by this discovery. This was the beginning of an intellectual journey into the life and work of Karl Polanyi that has guided my research and led to my collaboration with Kari Polanyi Levitt over the last three decades.
We celebrated the 30th anniversary of the Institute this year. In 1986, the Hungarian Academy of Sciences hosted an international Karl Polanyi conference, commemorating the centenary of his birth. Professor Polanyi-Levitt and I travelled to Budapest and participated in the discussions leading up to this conference, proposing speakers and themes to complement the program planned by our Hungarian colleagues. We co-edited a collection of Polanyi writings, translated into Hungarian and published by Gondolat Press for this occasion.
1 It was the first large international gathering of Polanyi scholars, representing all disciplines across the social sciences and humanities. Lively discussions and debates continued over several days during the conference and in informal settings. The desire to continue the conversation begun in Budapest led to plans for a second international conference, to be held in Montreal in 1988.
There were important confluences leading up to the Budapest conference. Thanks to a post-doctoral fellowship awarded by the Social Sciences and Humanities Research Council, Canada, I was able to accept the invitation by Kari Polanyi Levitt to work with her on her father’s archive. Over 50 boxes of archival material required sorting and cataloguing beyond the preliminary work already completed by Ilona Ducyznska, Karl Polanyi’s wife and Kari Polanyi Levitt’s mother. I was honored to work on this extraordinary project and began a journey into the life and work of Karl Polanyi. My Hungarian and Kari Polanyi Levitt’s German, led to fascinating exchanges about what we were discovering in addition to the extensive English material. I was hosted by Concordia University’s interdisciplinary PhD in Humanities as a Post-Doctoral Fellow, prior to becoming a member of Concordia’s Faculty. The university welcomed the archive project and plans to host the second international conference and proposed that we consider establishing a Karl Polanyi Institute to create a permanent space for discussion, debate, research, inspired by the work of Polanyi. We received this invitation with enthusiasm and formally launched the Polanyi Institute at Concordia University in Montreal in the fall of 1988. Several participants of the Budapest conference were invited to join the Board of Advisors which was expanded over time to include additional Polanyi scholars.
We have organized biennial conferences since 1988, alternating in Montreal and other host cities, reflecting the commitment of the Institute to an international conversation, not bound by the location of the Institute in Montreal. Indeed, the internet has greatly increased our capacity to achieve this objective. We published several edited volumes of selected papers presented at Polanyi conferences. With the availability of the internet, we now include all conference papers on the Institute web site. The Institute also collaborates with other academic networks increasingly interested in organizing Polanyi conferences, workshops, and seminars. These activities have grown over the years, reflecting the increasing influence of Polanyi across disciplines.
Our objective was also to provide full access to the Polanyi archive to students, faculty and public intellectuals interested in and inspired by the work of Karl Polanyi. We have welcomed visiting researchers, for short periods of time, or for longer residencies. Several have returned numerous times. Our wish was to make the archive available in a setting that invites conversation, discussion, meetings between people, in contrast to a library setting. I believe our greatest achievement has been the digitalization of the entire collection, giving the widest possible access to the entire Polanyi œuvre.
Marguerite Mendell
Indeed, Polanyi’s œuvre continues to inspire discussions around the world in universities, research centers, and scholarly communities. When the Institute was established, the work of Polanyi was well known in economic history and economic anthropology. His writings created a school which rivalled dominant thinking in economic anthropology in the 1960’s. Formalists applied neo-classical theory unreservedly to all societies, regardless of institutional, historical and cultural contexts while substantivists followed Polanyi’s lead in situating economies within these contexts, breaking with neo-classical theory. New economic sociology has been influenced by Polanyi, since the early 1980’s, with its focus on embeddedness. His influence in economic theory has been scant to say the least, despite his seminal article on Carl Menger that appeared in an edited collection in anthropology, thus not challenging economic orthodoxy from within. His participation in the socialist accountancy debates with Ludwig von Mises went largely unnoticed by economists and came to light in our archival work, now available in translations from German into French and English. Socio-economics drew upon Polanyi but remained marginal to the discipline. Today, Polanyi is identified with heterodox economics. The current interest in the work of Polanyi is reviving political economy, taking us beyond those disciplines that have been open to inter-disciplinarity. This is his greatest contribution to scholarship in the 21st century, often referred to as Polanyi’s century.
The surge of current interest in Polanyi, however, begins with the collapse of Communism in 1989, peaking again with Seattle in 1999 and growing even more rapidly since the 2008–2009 financial crisis. The core issues common to all who are influenced by Polanyi is the resonance of his critique of the self-regulating market economy with social, political, economic and environmental crises today. Polanyi’s documentation of the installation of the free market in The Great Transformation, complete with regulatory limits and restrictive legislation, resonates with similar processes under way since the 1970’s. “Liberalism was planned; planning was not” summarizes the history of the last four decades of continuous state intervention to maintain capitalism and to contain its tendency to crisis, under the guise of the free market. The consequences of these four decades of planned neoliberalism on all aspects of life, runs through the work of Polanyi scholars today.
There is another important strand in Polanyi’s œuvre and that is, agency. Scholars interested in the role of social movements, of counter movements to neoliberalism, in the north and in the south, however fragmented and scattered they may be, turn to the work of Polanyi, in particular, to his writings in Vienna and in the UK in the 1920s and 1930s and to documents discovered in the archive during those years. The Vienna writings, for example, prefigure the actions of civil society initiatives today, even if the times and the forms these take, differ. What is common to both periods and is at the heart of these writings by Polanyi, is his belief in the capacity of people, of communities to take hold of their lives, to “re-embed the economy in society”, in the values, needs and desires of communities, regions, across the globe. In my own work, I have referred to these initiatives and their diversity as processes of economic democratization.
These two dominant strands of interest in Polanyi by scholars today in all disciplines converge, of course. The latter has grown considerably since 1989; the former has dominated the interest in the work of Polanyi. And there is the ongoing interest in Polanyi within the fields of economic anthropology and economic history, in the history of the times in which he lived and in his biography.
There are several important new publications about Polanyi providing greater insight into his life and work. Over the last two years, a PhD student has been working on an Institute project, “Insights into the Reception of the Work of Karl Polanyi 2000–2018”, documenting the influence of Polanyi since the year 2000 across disciplinary boundaries. We hope to produce the results of this important bibliographic research in 2019.
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We collaborate with Polanyi scholars internationally and welcome the establishment of new networks, research centers and institutes, most recently the International Karl Polanyi Society in Vienna. Our collaboration takes various forms, including co-hosting conferences. For example, the most recent International Karl Polanyi Conference in Seoul was co-hosted with the Karl Polanyi Institute Asia, located in Seoul. We collaborated in the creation of this Institute, the first in Asia.