IDEAS home Printed from https://ideas.repec.org/a/mes/ijpoec/v41y2012i4p5-15.html
   My bibliography  Save this article

The Power of Ideas: Keynes, Hayek, and Polanyi

Author

Listed:
  • Kari Polanyi-Levitt

Abstract

The history of intellectual movements during the twentieth century suggests that ideas can play a transformative role in society. John Maynard Keynes's revolutionary ideas formed the basis of the postwar institutional structure but only after the political and economic conditions permitted it. Hayekian neoliberalism took hold only after the 1970s with the rise of globalization and financialization and with the progressive erosion of democracy. Karl Polanyi's vision advises that financialization/globalization has created problems that go beyond the debate over stimulus versus austerity and raises questions about the viability of a universal market economy.

Suggested Citation

  • Kari Polanyi-Levitt, 2012. "The Power of Ideas: Keynes, Hayek, and Polanyi," International Journal of Political Economy, Taylor & Francis Journals, vol. 41(4), pages 5-15.
    • Handle: RePEc:mes:ijpoec:v:41:y:2012:i:4:p:5-15
    DOI: 10.2753/IJP0891-1916410401
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2753/IJP0891-1916410401
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.2753/IJP0891-1916410401?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tomas Casas-Klett & Jiatao Li, 2022. "Assessing the Belt and Road Initiative as a narrative: Implications for institutional change and international firm strategy," Asia Pacific Journal of Management, Springer, vol. 39(3), pages 857-873, September.
    2. Daniyal Khan, 2021. "The Twin Endogeneities Hypothesis: A Theory of Central Bank Evolution," Working Papers 2102, New School for Social Research, Department of Economics.
    3. Theresa Hager & Ines Heck & Johanna Rath, 2021. "Competition in Transitional Processes: Polanyi and Schumpeter," ICAE Working Papers 128, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:ijpoec:v:41:y:2012:i:4:p:5-15. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MIJP20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.