External links
- The Karl Polanyi Institute of Political Economy - The Karl Polanyi Institute of Political Economy at Concordia University website.
- Kari Polanyi Levitt website - Kari Polanyi Levitt website (archive.org).
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Kari Polanyl Levitt | |
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| Born | June 14, 1923 Vienna, Austria |
| Education | London School of Economics |
| Alma mater | University of Toronto (MEc) |
| Occupation | Economist |
| Known for | Emerita Professor of Economics at McGill University, Montreal |
| Spouse | Joseph Levitt |
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| Awards | Honorary Doctorate of the University of West Indies (2008) |
Kari Polanyi Levitt (born June 14, 1923) [1] is an Austrian-born Canadian economist, currently Emerita Professor of Economics at McGill University, Montreal. [2]
She is known for her work on economic development and economic sovereignty, and in particular for her 1970 book Silent Surrender: The Multinational Corporation in Canada. She is also the literary executor of her father, the economic historian Karl Polanyi.
Polanyi Levitt was born in Vienna, Austria and relocated to England with her father in 1933 and attended Bedales School and the London School of Economics. After graduating in 1947 she moved to Canada, and in 1950 married the Canadian historian Joseph Levitt. She received a Master's degree in Economics from the University of Toronto in 1959, and joined the Department of Economics at McGill University in 1961. [1] Over the next decade she undertook research projects for Statistics Canada and for the New Democratic Party of Canada in addition to her work at McGill. Her position paper for the NDP on foreign direct investment in Canada eventually became "Silent Surrender." [1]
Polanyi Levitt has maintained contact with colleagues in the Caribbean throughout her career and has held several posts as a visiting professor at the University of the West Indies, as well as serving as an advisor on the creation of a system of national accounts for the Government of Trinidad and Tobago. She has written, edited and co-edited four volumes related to Caribbean economics. In 2008, she was awarded an honorary doctorate by the University of the West Indies. [3]
Polanyi Levitt turned 100 on June 14, 2023. [4]
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The German historical school of economics. was an approach to academic economics and to public administration that emerged in the 19th century in Germany, and held sway there until well into the 20th century. The professors involved compiled massive economic histories of Germany and Europe. Numerous Americans were their students. The school was opposed by theoretical economists. Prominent leaders included Gustav von Schmoller (1838–1917), and Max Weber (1864–1920) in Germany, and Joseph Schumpeter (1883–1950) in Austria and the United States.
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The economistic fallacy is a concept originated by Karl Polanyi in the 1950s, that refers to fallacious conflation of human economy in general, with its market form. Whereas the former is a necessary component of any society, being the organization through which that society meets its physical wants, i.e. reproduces itself, the latter is a modern institution that is neither autonomous nor stable. The fallacy can occur either by narrowing the genus "economic" to merely market phenomena, or overextending "the market" to encompass all aspects of human economic activity. These moves can be seen as equating the conceptual content of "economics" with what is in fact mere form or ideology, instead of with the substance embodied by the specific decisive relations in which humans are engaged in any given period and locale.
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