The relevance of Michael Polanyi

I am new to the site and relatively new to Austrian/Libertarian economics. Long story short, I am a PhD student in biomedical research and I was attracted to Austrian economics because the authors satisfied an aprioristic curiousity I wasn’t getting in the empirical “hard sciences.” I know Michael Polanyi (not to be confused with Karl Polanyi) is brought up from time to time in discussions in various Austrian circles, but I am a bit confused as to where exactly he is placed in such discussions. The concept that knowledge is tacit and personal applies to both a Hayekian view of calculation/dispersed knowledge AND discussions of non-emperical methodology (Misesian view of the a priori in economics, etc). So why do I keep hearing Polanyi being brought up? Where does he fit into the discussion? This is not clear to me (By “keep hearing” I literally mean hear. In this case I’m refering to FEE podcasts I’ve obsessively listened to over the past few months. I have several of these talks on my computer, so no used skimming them).

Also, I’m a bit surprised at Polanyi’s rejection of evolution. As a biologist, I disagree. Does anyone have any insight into the intellectual atmosphere of the 1950s that would encourage this view? I know he was very religious, so I’m sure that’s of some importance.

thanks…and I hope to become a regular on the site!

Hello, gadams. M. Polanyi is great - but to my knowledge, he has never rejected evolution, could you please quote? Thanks!

I am just getting into Polanyi (Michael of course). But I think this address some of that evolution stuff http://www.missouriwestern.edu/orgs/polanyi/mp-id.htm

Right, but as far as I can tell, there’s no rejection of evolutionism. What he said, if I understood right, is that the DNA mechanism is not deterministic - it’s just a coding which has only part of the information of an organism. If you’ve read Godel, Escher, Bach you’ll get the feeling :slight_smile: I’d say that Polanyi would rather be strongly against the idea that there are genes that control single functions of the organism… Here’s some more food for thought - http://www2.nau.edu/tas3/wtc/ii03s.pdf

Polanyi’s view is that DNA cannot be reduced to physics and chemistry alone, i.e. you have to talk about information as well.