Quotes About Polanyi

the scientist and philosopher Michael Polanyi showed, much of the most valuable knowledge we can possess and use isn't like that; it is "tacit knowledge." We feel tacit knowledge. And when we try to put it into words, the words never fully capture it. As Polanyi wrote, "We can know more than we can tell.

For Polanyi the deepest flaw in market liberalism is that it subordinates human purposes to the logic of an impersonal market mechanism.

one of the book's enduring contributions—its focus on the institutions that regulate the global economy—was directly linked to Polanyi's multiple exiles. His moves from Budapest to Vienna to England and then to the United States, combined with a deep sense of moral responsibility, made Polanyi a kind of world citizen.