The Power of Ideas: Keynes, Hayek, and Polanyi

Kari Polanyi-Levitt

International Journal of Political Economy, 2012, vol. 41, issue 4, 5-15

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.

Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://hdl.handle.net/10.2753/IJP0891-1916410401 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:ijpoec:v:41:y:2012:i:4:p:5-15

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MIJP20

DOI: 10.2753/IJP0891-1916410401

Access Statistics for this article

More articles in International Journal of Political Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().