Hayek, Polanyi, and Lippmann each reframed planning as an epistemological problem.

Evidence

Confronted with the popularity of state controls, F. A. Hayek and Michael Polanyi in England, and Walter Lippmann in the United States, independently reached the same conclusion: the feasibility of economic planning was not solely a technical problem, but called for a much larger understanding of the epistemological foundations of liberalism and its relationship with the market economy. — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 66

Categorization

  • XREF: Links to the Colloque Lippmann and the renovation of liberal thought traditions covered in other chapters of this volume. — connects to: Hayek opposed planning because humans face constitutional ignorance; Neoliberals attacked planning as epistemically impossible, not merely undesirable. — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 84; 1930s crisis drove Hayek, Polanyi, and Lippmann to rethink liberalism’s epistemology. — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 66 (+2 more)

Broader Connections