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Society, Economics, and Philosophy - Selected Papers (Paperback)
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Society, Economics, and Philosophy - Selected Papers (Paperback)
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Michael Polanyi was a polymath who primarily studied medicine and
chemistry. Precisely because of Polanyi's work in the physical
sciences, his writings have a unique dimension not found in other
advocates of the market and too infrequently found even in
philosophers of science. Society, Economics, and Philosophy
represents the full range of his interests outside of his
scientific work: economics, politics, society, philosophy of
science, religion and positivist obstacles to it, and art. Polanyi
was a powerful critic of totalitarianism and of the deficiencies of
the usual defences of freedom which helped to prepare the way for
it. Freedom, he argued, can be based only upon truth and dedication
to transcendent ideals, not upon scepticism, utilitarianism, and
the liberty of doing merely as one pleases. More radically than
even von Mises and Hayek, Polanyi showed that an industrial economy
can operate only "polycentrically," that central planning is
logically impossible, and that what was called by that name in the
Soviet Union was in reality no such thing. Likewise, scientific
research can proceed, not by a central plan, but only by the
spontaneous self-adjustment of separate initiatives to discover a
common reality.
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