Life Early life Polanyi, born Mihály Pollacsek in Budapest, was the fifth child of Mihály and Cecília Pollacsek (born as Cecília Wohl), secular Jews from Ungvár (then in Hungary but now in Ukraine) and Wilno, then Russian Empire, respectively. His father's family were entrepreneurs, while his mother's father, Osher Leyzerovich Vol, was the senior teacher of Jewish history at the Vilna rabbinic seminary. The family moved to Budapest and Magyarized their surname to Polányi. His father built much of the Hungarian railway system, but lost most of his fortune in 1899 when bad weather caused a railway building project to go over budget. He died in 1905. Cecília Polányi established a salon that was well known among Budapest's intellectuals, and which continued until her death in 1939. His older brother was Karl Polanyi, the political economist and anthropologist, and his niece was Eva Zeisel, a world-renowned ceramist.
Life Early life Polanyi, born Mihály Pollacsek in Budapest, was the fifth child of Mihály and Cecília Pollacsek (born as Cecília Wohl), secular Jews from Ungvár (then in Hungary but now in Ukraine) and Wilno, then Russian Empire, respectively. His father's family were entrepreneurs, while his mother's father, Osher Leyzerovich Vol, was the senior teacher of Jewish history at the Vilna rabbinic seminary. The family moved to Budapest and Magyarized their surname to Polányi. His father built much of the Hungarian railway system, but lost most of his fortune in 1899 when bad weather caused a railway building project to go over budget. He died in 1905. Cecília Polányi established a salon that was well known among Budapest's intellectuals, and which continued until her death in 1939. His older brother was Karl Polanyi, the political economist and anthropologist, and his niece was Eva Zeisel, a world-renowned ceramist.