“The Rise and Fall of the Market Economy,” Review of Islamic Economics, Vol. 14, No. 2, 2010, pp. 123–155. Reprinted in Chapter 2 ofCivilization & Values:Open Civilization – Istanbul Approach eds: M Yalçintaş, I Kurulay, and R. Şentürk, Istanbul: ICOC, p140-17
A collection of articles on methodology, in relation to islamic economics.
Link to SSRN Version:
"Unregulated Markets and the Transformation of Society," Chapter 18 of Routledge Handbook of Ecological Economics: Nature and Society. Editor Clive Spash. 2016
ABSTRACT: In face of the strong conflict between market norms and social norms, peaceful co-existence is impossible. In traditional societies, markets were subordinated to society. Modern society emerged via a number of revolutions which made society subordinate to markets. This led to a reversal of traditional values of social cooperation and harmony with nature. Instead, men, nature, society became objects to be exploited for creating profits. A market society generates profits by exploiting men and nature, and requires increasing profits to sustain itself. This process has run into its limits as planetary resources are being destroyed on a scale large enough to threaten the planet. Saving the planet requires reversing the transition to modernity by subordinating markets to society. This is a difficult task.
JEL Codes: B2, Q5
Rise and Fall of the Market Economy - Review of Islamic Economics, Vol. 14, No. 2, 2010, pp. 123–155. A summary of the ideas of Karl Polanyi's The Great Transformation
Markets and Society - Pre-Publication Version on SSRN - Revised and published as: Unregulated Markets and the Transformation of Society
green capitalsim god that failed - Markets Vs Society, new article
Green Capitalism God that failed - Richard Smith -- for new article Markets vs Society
green capitalism god that failed - another take
Destructive Impact of Markets on Society - Pide Nurturing Minds Lecture 16th March 2016 -- Polanyi's theme of the Great Transformation