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The History of Economic Thought
8th lecture
The outline of the lecture
• The life and work of Sidney and Beatrice Webb– The turned down minister
– The offbeat aristocrat
– A staircase to socialism
– Entering the Soviet bubble
– Origins of the welfare state
– MacDonald’s betrayal
– Meaty talk and bony soul
• The life and work of Karl Polanyi– A prodigy in Budapest
– Power comes, power goes
– The double exile of Karl Polanyi
– The two economics
– The wild East and the mild West
– Forms of integration
– A need to socialize markets2
The outline of the lecture (cont.)
• The life and work of Barbara and Lawrence Hammond– The redhead heroine
– The three Labours of the Hammonds
– Work, work, work
– Liberals with social sentiment
– Affecting the ‘New Liberals’
• The life and work of Lancelot Hogben– A rising anti-economics
– Sex before economics
– Against genetic fate
– The missing Europeans
– Equality and procreation
– Show in order to hide
– Colonizing economic discourse
• The life and work of Max Born– An economic outlaw
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Beatrice Webb(1858-1943)
Sidney Webb(1859-1947)
The life and work of Sidney and Beatrice Webb
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Karl Polanyi(1886-1964)
The life and work of Karl Polanyi
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Barbara Hammond(1873-1961)
Lawrence Hammond(1872-1949)
The life and work of Barbara and Lawrence Hammond
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Lancelot Hogben(1895-1975)
The life and work of Lancelot Hogben
11
Max Born(1882-1970)
The life and work of Max Born
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Literature
• Bíró, G. I. 2019. The Economic Thought of Michael Polanyi, London: Routledge, 3rd, 5th and 6th Chapter.
• Nasar, S. 2011. Grand Pursuit: The Story of Economic Genius, New York: Simon & Schuster Paperbacks, 3rd and 11th Chapter, pp. 91-139; 338-354.
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