State as an institution of the economic process : an inference from Karl Polanyi

Çelik, Necati
This thesis is build up on the idea that state could be described as an institution of the economic process, which imbues it with certain degree of endurance and protects it from the instability and uncertainty of the free markets. If this idea could be proved,then the mainstream tendency to exclude state from the realm of economics and leave the governance of the economic process solely to self-regulating markets will appear to be a fallacy based on the myth of liberalism. Only after this could be achieved, state could get its proper place in the existing economic system and a solution may be found to the impasse into which societies have been dragged by the free market order that is defended jauntily by liberal economists. .


Multiregional social accounting matrix and multiplier analysis: an application for Turkish economy
Erdoğan, Eda; Voyvoda, Ebru; Department of Economics (2011)
Social accounting matrix (SAM) is one of the tools used in regional economic analysis, enabling understanding the structure of the economy as well as analyzing the impacts of policies or exogenous shocks. In this thesis, a two-region SAM of Turkey is constructed for the year 2002 and the findings of multiplier analysis are presented. To this end, first, a two-region input-output (I-O) table is constructed using location quotient (LQ) method and using this two-region I-O table, a two-region SAM is compiled. ...
Institutional approaches to technology and economic history
Dildar, Yasemin; Yıldırım, Onur; Department of Economics (2009)
This thesis is an attempt to reassess the long debated issues of economic history from the perspective of institutional economics. Besides examining different approaches to technology and its impact on economic and social life, it analyzes the role of institutions in history. It discusses the institutional interpretations of the critical developments of economic history such as, the Industrial Revolution and the Great Divergence, with an emphasis on differences between the two scholarly traditions, namely, ...
The dominance of the dollar and its sustainability in the international monetary system
Köse, Tekin; Ege, Aylin; Department of Economics (2008)
The aim of this thesis is to analyze and evaluate the dominance of the dollar and its sustainability in the international monetary system in the light of recent literature and relevant statistical data. Considering the determinants of an international currency, this thesis focuses on the linkages of the dominance of the dollar with the challenge of the euro as an alternative international currency, the current account deficit of the U.S. and foreign exchange reserve accumulation and reserve diversification ...
Critical realism as a rival methodology for institutional economics
Gürpınar, Erkan; Özveren, Eyüp; Department of Economics (2008)
The aim of the thesis is to clarify the methodology of the original institutional economics and then to evaluate the current attempts to utilize critical realism as a superior methodology for it. After sketching the historical background of the discussions surrounding methodology of science and 19th century economic methodology, the thesis separately analyses the methodology of institutional economics and critical realist stance in the philosophy of science. A critical discussion of the subject matter reach...
Economic liberalism and performance of developing countries: a comparative analysis
Altun, Gizem; Şenses, Fikret; Department of Economics (2009)
Economic liberalism has always been a very controversial issue in the content of development economics. The relation of neo-liberalism with economic development, as today’s dominant discourse of economics, has been highly debated in the last decades. The main objective of this thesis is to investigate this relationship via comparing four countries’ development experiences; Argentina, China, Turkey and Poland, in between 1965-2005. In addition to that purpose, this thesis aims to analyze whether the experien...
Citation Formats
N. Çelik, “State as an institution of the economic process : an inference from Karl Polanyi,” M.S. - Master of Science, Middle East Technical University, 2010.