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Volume 3  Number 4  •  Spring 1999
Other Issues:  

Michael Polanyi’s Economics
By Paul Craig Roberts, T. Norman Van Cott
This article appeared in the Spring 1999 issue of The Independent Review

Philosopher Michael Polanyi was also a prescient economic thinker who, while considering himself a Keynesian, showed the importance of money in the macroeconomy 20 years before the monetarist revolution. His 1945 book, Full Employment and Free Trade, is one of the under-appreciated gems of twentieth century economics.

 PDFRead the Full Article (PDF, 1 pages)


Other Independent Review articles by Paul Craig Roberts
    Fall 2009   Letter to the Editor
    Spring 2004   My Time with Karl Marx
    Spring 2003   The Causes of Wrongful Conviction
[View All (7)]







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