Michael Polanyi's Theory of Spontaneous Orders

Michael Polanyi's Theory of Spontaneous Orders Review of Austrian Economics, 11: 111–127 (1999) ° c 1999 Kluwer Academic Publishers STRUAN JACOBS ichael Polanyi is well known as a theorist of science but his social-economic- political writings have never received adequate coverage. This neglect needs to be remedied because his system of liberal ideas is deeply interesting, persistently relevant, and historically significant as the following discussion will show. Being an unfamiliar figure to thinkers outside of certain specialist academic circles, it may be helpful to introduce Polanyi with aid of a quick pen portrait. Born in Budapest in 1891, he entered the University of Budapest in 1908, graduating with a degree in medicine in 1913 and a Ph.D. in chemistry four years later. He served as a medical officer in the Austro-Hungarian army in World War I, worked as a researcher in physical chemistry at the Kaiser Wilhelm Institute, Berlin, from 1920, and rubbed shoulders with some of the great scientists of the age: Planck, Schrodinger and Einstein. Disturbed by the rising tide of Nazism in Germany, and being of Jewish extraction, 1933 saw Polanyi resign from his position at the Berlin Institute and emigrate to England. In the mid-1930s at the height of his career http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

Michael Polanyi's Theory of Spontaneous Orders

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Kluwer Academic Publishers
Copyright © 1999 by Kluwer Academic Publishers
Economics; Public Finance; Political Science; History of Economic Thought/Methodology
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