Institutional mobility and mutation in the global capitalist system: a neo-Polanyian analysis of a transnational cotton standards war, 1870-1945

摘要

This paper explores the dynamics of institutional change in periods of instability in the global capitalist system. Two recent bodies of literature-actor-centered institutionalism and the 'policy mobilities' approach-emphasize how contextual and historical specificities drive transformation as institutions move across space. However, scholars in both traditions give less attention to the systematic patterns of social conflict that influence how policies move and mutate. Drawing on the case of a standards war in the global cotton trade from 1870 to 1945,I build on these literatures by linking them to a neo-Polanyian theory of social conflict within periods of market-led development. From this view, we must understand institutions, their mobilities, and mutations as constituted by and constitutive of struggles over how the global capitalist system should be organized and in whose interests. This requires building on, but also deepening Polanyi's analysis. While Polanyi emphasized the destructive effects of liberal market projects that generate social conflict, the 'push-backs' against liberal market projects are more diverse than Polanyi suggested, and social conflict can also emerge out of the creative moments of liberal market expansion.