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Tradition and Discovery: The Polanyi Society Periodical

Volume 25, Issue 1, 1998/1999

Philip Mirowski
Pages 29-42
DOI: 10.5840/traddisc1998/199925110

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.

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