Our reliance on the validity of a scientific conclusion depends ultimately on a judgment of coherence; and as there can exist no strict criterion for coherence, our judgment of it must always remain a qualitative, nonformal, tacit, personal judgment.
Michael PolanyiBut the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions, it also provides them with an incentive to exercise economy in terms of money.
Michael PolanyiAdmittedly, scientific authority is not distributed evenly throughout the body of scientists; some distinguished members of the profession predominate over others of a more junior standing.
Michael Polanyi