Karl Polanyi:

http://www.booksandideas.net/Karl-Polanyi-the-Market-and.html

http://www.booksandideas.net/Discussing-Karl-Polanyi.html

From Marx’s standpoint, society is no more than the site of the hostile confrontation between the conflicting economic interests of two historically variable groups – freemen and slaves in antiquity, lords and serfs under feudalism, the bourgeoisie and the proletariat under capitalism. Societal dynamics revolves around the exploitation of the second element within each relation by the first. Under rare and momentous historical circumstances, an existent mode of exploitation is subverted and replaced by another mode.

Polanyi of course shared Marx’s emphasis on these developments, but challenged their absolute prominence attributed to them in his view of the social process, focused almost exclusively on the unique historical experience of the West. Thus, in Polanyi’s judgment Marx was insufficiently aware of the huge diversity of non-Western arrangements for material production and of their relationship with other significant aspects of the social process.

For Polanyi, “society” is a complex reality constituted by relatively autonomous sets of diverse institutional arrangements, varying widely in time and space, some of which address concerns of no immediate economic significance. They generate and validate similarities and contrasts between individuals and between groups that may override - or any rate frame and constrain, rather than masking or justifying - the relations regarding their economic interests and the resulting collective identities.