Keynes and Polanyi: the 1920s and the 1990s

In the 1970s, a counter-revolution in economics restored the neo-classical doctrines prevailing before the Great Depression. Since the 1990s, the contradictions and consequences of the emerging neoliberal order have become apparent. For analysing these, the works by J.M. Keynes and K. Polanyi are instrumental, and the proposal by the latter about economic planning and international finance on a regional scale should be revisited.