The columns of figures set out in governmental economic plans express claims to economic powers that are only imaginary. But belief in such powers may be induced by carrying out with great emphasis some fairly extensive economic policies — which cause a certain amount of stress and strain — and pretending that you are thereby putting into effect your economic plan, with all its figures.
Michael Polanyi, The Logic of Liberty: Reflections and Rejoinders (1951), p. 137.
Categories
Michael Polanyi
