Behind only that of Bronislaw Malinowski, the influence of the Central European polymaths Ernest Gellner and Karl Polanyi on socio-cultural anthropology in the 20th century was profound. Gellner and Polanyi also influenced much wider swathes of scholarship. They belong to different generations and were raised in quite different settings in Prague and Budapest respectively. What these thinkers have in common is a philosophy of history which posits the industrial revolution in northwest Europe as a radical rupture in Weltgeschichte. Polanyi’s ‘great (...) transformation’, with its focus on the economy, corresponds to Gellner’s metaphor of the ‘big ditch’ and focus on a new polity. The cultural homogenization of the nation-state and the disembedding of the economy from society in the era of free trade are two sides of the same coin. This paper argues that these complementary models derive to a considerable degree from the scholars’ background on the margins of industrializing Europe, in the ruins of the Habsburg Empire. (shrink)