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

3

Beatrice Webb(1858-1943)

Sidney Webb(1859-1947)

The life and work of Sidney and Beatrice Webb

5

Karl Polanyi(1886-1964)

The life and work of Karl Polanyi

7

Barbara Hammond(1873-1961)

Lawrence Hammond(1872-1949)

The life and work of Barbara and Lawrence Hammond

9

Lancelot Hogben(1895-1975)

The life and work of Lancelot Hogben

11

Max Born(1882-1970)

The life and work of Max Born

13

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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