Polanyi_M 1940.pdf (355.57 kB)
Editorial introduction to 'Collectivist planning' by Michael Polanyi (1940)
journal contribution
posted on 2020-09-14, 10:21 authored by Geoff HodgsonAfter 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.
History
School
- Loughborough University London
Published in
Journal of Institutional EconomicsVolume
15Issue
6Pages
1055 - 1074Publisher
Cambridge University Press (CUP)Version
- AM (Accepted Manuscript)
Rights holder
© Millennium Economics LtdPublisher statement
This article has been published in a revised form in Journal of Institutional Economics https://doi.org/10.1017/S1744137419000377. This version is published under a Creative Commons CC-BY-NC-ND. No commercial re-distribution or re-use allowed. Derivative works cannot be distributed. © Millennium Economics Ltd.Acceptance date
2019-07-05Publication date
2019-08-20Copyright date
2019ISSN
1744-1374eISSN
1744-1382Publisher version
Language
- en
Depositor
Prof Geoff Hodgson. Deposit date: 10 September 2020Usage metrics
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