EDITORIAL
https://doi.org/10.1007/s11614-019-00341-8
Österreich Z Soziol (2019) 44:105–113
Karl Polanyi, The Great Transformation, and
Contemporary Capitalism
Brigitte Aulenbacher · Richard Bärnthaler · Andreas Novy
© Österreichische Gesellschaft für Soziologie 2019
1 Seventy-five years of The Great Transformation: history, presence,
future
Seventy-five years ago, in April 1944, Karl Polanyi’s The Great Transformation—On
the origins of our times (TGT) was published in the United States and England. Since
then it has been translated into 15 languages (cf. Polanyi Levitt in this volume). Writ-
ten in America during the war and under the impact of the Great Depression, TGT
sought to come to terms with the collapse of the liberal civilization in a similarly
embracing manner as Horkheimer’s and Adorno’s Dialectics of enlightenment, pub-
lished as a preliminary version also in 1944 in the USA. TGT captures the specific
historical constellation of the “revolutionary thirties” in which free trade, the gold
standard, and liberal democracy reached an impasse, resulting in competing attempts
to re-order society—attempts that ranged from socialism to fascism and from Stalin’s
“socialism in one country” to Roosevelt’s New Deal. At that time, the repercussions
of Polanyi’s work remained fairly restricted, John Dewey’s euphoric feedback being
a notable exception (cf. Gräser in this volume).
B. Aulenbacher ()
Institut für Soziologie, Abt. für Gesellschaftstheorie und Sozialanalysen, Johannes Kepler
Universität, Altenberger Str. 69, 4040 Linz, Austria
E-Mail: brigitte.aulenbacher@jku.at
R. Bärnthaler
Institute for Multi-Level Governance and Development, Wirtschaftsuniversität Wien,
Welthandelsplatz 1/D4, 1020 Vienna, Austria
E-Mail: Richard.baernthaler@univie.ac.at
A. Novy
Institute for Multi-Level Governance and Development, Wirtschaftsuniversität Wien,
Welthandelsplatz 1/D4, 1020 Vienna, Austria
E-Mail: andreas.novy@wu.ac.at
K