COVID, Economized

Authors

  • Roi Livne Department of Sociology, University of Michigan, Ann Arbor https://orcid.org/0000-0001-6681-9316

DOI:

https://doi.org/10.6092/issn.1971-8853/11636

Keywords:

Economization, COVID-19, utilitarianism, neoliberalism, Karl Polanyi, substantivism, coronavirus

Abstract

Since the beginning of the COVID-19 pandemic, people have recognized it as posing not only a public health risk, but also an economic problem. There were, however, several different ways to formulate this economic problem. This essay lays out three prototypical economic formulations of COVID-19, which proliferated during the pandemic’s first six months in the United States and informed policy discussions and interventions: neoclassical economization, macro-economization, and substantive economization. Drawing on Karl Polanyi, I propose that among COVID-19’s potentially transformative effects is a transition away from abstract and analytical economic formulations and toward a more concrete focus on securing sustenance and material livelihood during times of crisis.

 

 

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Published

2021-05-26

How to Cite

Livne, R. (2021). COVID, Economized. Sociologica, 15(1), 21-42. https://doi.org/10.6092/issn.1971-8853/11636

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Special Feature