Volume 25, Issue 1, 1998/1999
Philip Mirowski
Pages 29-42
Economics, Science, and Knowledge
Polanyi vs. Hayek
The relationship between Friedrich Hayek and Michael Polanyi is documented and explored with respect to philosophy and economics. Their respective positions on epistemology and science are shown to fundamentally govern their differences with regard to the efficacy of government policy with regard to the economy.