Friedrich Hayek and Michael Polanyi in Correspondence

Jacobs, Struan; Mullins, Phil

doi:10.1080/01916599.2014.1002971

Cited by 15 publications

(5 citation statements)

References 10 publications

(14 reference statements)

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“…Interpreters (Scott-Moleski 2005, Nye 2011, Jacobs-Mullins 2015, Beira 2016, Bíró 2019 agree that, for Polanyi, the film was not only a tool representing economic ideas. It was also a way of inducing large-scale social change.…”

Section: Towards the First Versionmentioning

confidence: 99%

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Michael Polanyi's Neutral Keynesianism and The First Economics Film, 1933 to 1945

Bíró¹

2021

Preprint

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This paper explores the history of the first economics film, made by Michael Polanyi. It traces the evolution of the film from the first idea to the latest version. It portrays Polanyi's motives for making the film, the contexts in which the film was embedded and its perception by various individuals and communities. The paper demonstrates the novelty of both the content and the presentation of Polanyi's economic ideas through the eyes of his contemporaries. It discusses why it was important for Polanyi to make a film about the circulation of money and the principle of neutrality and comments on what historiographers of economic thought might learn if they put a stronger emphasis on visual representations in their pursuits.

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Section: Towards the First Versionmentioning

confidence: 99%

“…Some reviewers suggested that there were basic inconsistencies in Polanyi's proposal. He and Mullins (2015). Previous studies about the two were mostly concerned about finding out who should be seen as the reanimator of the concept of spontaneous order.…”

Section: From Film To Bookmentioning

confidence: 99%

Michael Polanyi's Neutral Keynesianism and The First Economics Film, 1933 to 1945

Bíró¹

2021

Preprint

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“…Despite this account, Polanyi and Hayek were rarely (Allen 1998) seen as brothers-in-arms by contemporaries. The complexity of their partly joined but partly separated endeavors to save liberalism has been treated in the illuminating study by Struan Jacobs and Phil Mullins (2015). Previous studies about the two were mostly concerned about finding out who should be seen as the reanimator of the concept of spontaneous order.…”

Section: From Film To Bookmentioning

confidence: 99%

“…Previous studies about the two were mostly concerned about finding out who should be seen as the reanimator of the concept of spontaneous order. Some scholars argued that Polanyi recoined the concept for modern neoliberal narratives (Jacobs 1997(Jacobs , 1999(Jacobs , 2015. Others argued that it was Hayek who did much of the recoining (Caldwell 2004;Bladel 2005).…”

Section: From Film To Bookmentioning

confidence: 99%

Michael Polanyi’s Neutral Keynesianism and the First Economics Film, 1933 to 1945

Bíró¹

2020

J Hist Econ Thought

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This paper explores the history of the first economics film, made by Michael Polanyi. It traces the evolution of the film from the first idea to the latest version. It portrays Polanyi’s motives for making the film, the contexts in which the film was embedded, and its perception by various individuals and communities. The paper demonstrates the novelty of both the content and the presentation of Polanyi’s economic ideas through the eyes of his contemporaries. It discusses why it was important for Polanyi to make a film about the circulation of money and the principle of neutrality, and comments on what historiographers of economic thought might learn if they put a stronger emphasis on visual representations in their pursuits.

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“…Polanyi (1948) used the term ‘spontaneous order’ before Hayek, although earlier precedents stretch back to John Stuart Mill and others (Bladel, 2005; D'Amico, 2015; Jacobs, 2000; Jacobs and Mullins, 2016). Polanyi was influenced by related phenomena in chemistry and physics.…”

Section: Polanyi Hayek and The Mont Pèlerin Societymentioning

confidence: 99%

Editorial introduction to ‘Collectivist planning’ by Michael Polanyi (1940)

Hodgson

2019

Journal of Institutional Economics

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After an esteemed academic career as a chemist, Michael Polanyi switched to the social sciences and made significant contributions to our understanding of the nature and role of knowledge in society. Polanyi's argument concerning knowledge led him to emphasise the vital importance of decentralised mechanisms of adjustment and coordination, including markets. His article ‘Collectivist Planning’ (1940) enters into debates about the possibility (or otherwise) of centrally planning scientific and economic activity. This early article also foreshadows post-war debates within the Mont Pèlerin Socierty (formed in 1947) concerning the economic role of the state and the future of liberalism.

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Friedrich Hayek and Michael Polanyi in Correspondence

Cited by 15 publications

References 10 publications

Michael Polanyi's Neutral Keynesianism and The First Economics Film, 1933 to 1945

Michael Polanyi's Neutral Keynesianism and The First Economics Film, 1933 to 1945

Michael Polanyi’s Neutral Keynesianism and the First Economics Film, 1933 to 1945

Editorial introduction to ‘Collectivist planning’ by Michael Polanyi (1940)

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