The Near-Death of Liberal Capitalism: Perceptions from the Weber to the Polanyi Brothers

Karl Polanyi and Max Weber held radically different views of liberal capitalism, but they also came to differ in significant respects with their brothers Michael Polanyi and Alfred Weber. The first section provides an overview of some critical moments in the history of liberal capitalism as perceive...

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Bibliographic Details
Published in:Politics & society 2003-06, Vol.31 (2), p.263-282
Main Author: Roth, Guenther
Format: Article
Language:English
Subjects:
Capitalism
Cosmopolitanism
Economic Theories
Economists
History of political ideas
Intellectuals
Karl Polanyi
Liberalism
Max Weber
Monetary theory
Money
Polanyi, Karl
Polanyi, Karl Paul
Political science
Weber, Max
World Economy
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Summary:Karl Polanyi and Max Weber held radically different views of liberal capitalism, but they also came to differ in significant respects with their brothers Michael Polanyi and Alfred Weber. The first section provides an overview of some critical moments in the history of liberal capitalism as perceived by some historical witnesses. The second treats the views of the Weber brothers on the world economy before 1914. The third deals with Max Weber's overlooked treatment of G. F. Knapp's once famous state theory of money. The fourth (re)turns to the circle of cosmopolitan Austro-Hungarian intellectuals who passionately debated the future of liberal capitalism and almost all of whom became political refugees.
ISSN:0032-3292
1552-7514
DOI:10.1177/0032329203252271