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Michael Polanyi and His GenerationOrigins of the Social Construction of Science$
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Mary Jo Nye

Print publication date: 2011

Print ISBN-13: 9780226610634

Published to Chicago Scholarship Online: September 2013

DOI: 10.7208/chicago/9780226610658.001.0001

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Liberalism and the Economic Foundations of the “Republic of Science”

Liberalism and the Economic Foundations of the “Republic of Science”

Chapter:
(p.145) FIVE Liberalism and the Economic Foundations of the “Republic of Science”
Source:
Michael Polanyi and His Generation
Author(s):

Mary Jo Nye

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226610658.003.0006

This chapter focuses mainly on economic discussions from the 1910s through the 1940s, particularly as addressed by Michael and Karl Polanyi, and on how economic views played a crucial role in the way that Michael Polanyi came to describe scientific organization and scientific ethos in his free-market “republic of science.” One of Michael Polanyi's best-known articles is his widely read essay “The Republic of Science: Its Political and Economic Theory,” published in the science-policy journal Minerva. As can be seen in the concluding section of this chapter, Michael Polanyi's description of the role in science of institutional arrangements owes an unspoken debt to the functional conception of economic systems that Karl defended.

Keywords:   economic discussions, Karl Polanyi, scientific organization, scientific ethos, republic of science, institutional arrangements

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