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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.

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)]

Other Independent Review articles by T. Norman Van Cott
    Spring 2007   Doomsters, Evil I’s, and Tunnel-Vision Economics
    Spring 2005   Tariffs, Immigration, and Economic Insulation: A New View of the U.S. Post-Civil War Era
    Spring 2003   More on Voting
[View All (6)]

Volume 3 Number 4
Spring 1999

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