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Michael Polanyi on creativity

Author

Listed:
  • Agnès Festré
  • Stein Østbye

Abstract

We can know more than we can tell. In this paper we discuss how Polanyi applied his tacit knowledge concept to approach creativity. As a first step, Polanyi?s epistemological position is briefly discussed. Then his conceptualisation of tacit knowledge is presented, followed by a discussion of how Polanyi relates tacit knowledge to creativity in general and creativity in science in particular. We argue that Polanyi not only was a theoretician on creativity, but also a very creative educator aiming to communicate widely using film as medium, thereby, increasing legitimacy of science. We also argue that tacit knowledge is relevant in modern economics through the link to creativity and innovation, using endogenous growth theory as the showcase. Classification JEL : B20, B25, O31.

Suggested Citation

  • Agnès Festré & Stein Østbye, 2021. "Michael Polanyi on creativity," Revue d'économie industrielle, De Boeck Université, vol. 0(2), pages 89-116.
    • Handle: RePEc:cai:reidbu:rei_174_0089
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    More about this item

    Keywords

    creativity; methodology; tacit knowledge; education by the eyes; endogenous economic growth; Polanyi (Michael);
    All these keywords.

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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