The Power of Ideas: Keynes, Hayek and Polanyi
This is the title of the introduction to volume 41, no. 4 (Winter 2012-2013) of the International Journal of Political Economy. The full text can be downloaded below.
European intellectuals of the generation of Keynes (b.1883), Hayek (b. 1899) and Polanyi (b.1886) were conditioned to assume responsibility for the welfare of society. They believed in the power of ideas to affect the course of world events. They understood that ideological beliefs can sustain an unsustainable social and economic order, or release forces of revolutionary change. They profoundly affect how we live in society, or react to perceived injustice.