But 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 PolanyiThese maxims and the art of interpreting them may be said to constitute the premisses of science but I prefer to call them our scientific beliefs. These premisses or beliefs are embodied in a tradition, the tradition of science.
Michael PolanyiWe do not accept a religion because it offers us certain rewards. The only thing that a religion can offer us is to be just what it, in itself, is: a greater meaning in ourselves, in our lives, and in our grasp of the nature of things...a religion exists for us only if, like a piece of poetry, it carries us away. It is not in any sense a 'hypothesis.
Michael PolanyiA free society is regarded as one that does not engage, on principle, in attempting to control what people find meaningful, and a totalitarian society is regarded as one that does, on principle, attempt such control.
Michael PolanyiWe cannot ultimately specify the grounds (either metaphysical or logical or empirical) upon which we hold that our knowledge is true. Being committed to such grounds, dwelling in them, we are projecting ourselves to what we believe to be true from or through these grounds. We cannot therefore see what they are. We cannot look at them because we are looking with them.
Michael Polanyi