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Michael was born into a Jewish family in Budapest, younger brother of Karl who went on to be a famous economist himself. Their father was an engineer and entrepreneurAn entrepreneur is a business innovator who establishes a new business entity to offer a new or existing product or service into a new or existing market for profitable motivations. Entrepreneurs often have strong beliefs about a market opportunity and ar whose volatile fortunes in railway speculation motivated Polanyi to seek financial stability through a career in medicineSee drugs, medication, and pharmacology for substances that treat patients. This article is about medical practice. Medicine is a branch of health science concerned with restoring and maintaining health and wellness. Broadly, it is the practical science o, graduating in 19131913 is a common year starting on Wednesday. click on link for calendar) Events January-March January 30 House of Lords rejects Irish Home Rule Bill February 1 New York City's Grand Central Station opens as the world's largest train station. February 3 Th. He served as a physician in the Austro-HungarianAustria-Hungary also known as the Dual monarchy (or: the k. monarchy , was a dualistic state ( 1867 1918) in which the Kingdom of Hungary enjoyed self-government and representation in joint affairs (principally foreign relations and defence) with the west armyAn army comprises all of a nation's land-based military forces or a specific large military force. Military land forces An army is a military organization. The word army can refer to any armed force, or more specifically a force primarily designed for lan during World War IWorld War I (also known as the First World War , the Great War the War of the Nations and the "War to End All Wars") was a world conflict occurring from 1914 to 1918. No previous conflict had mobilized so many soldiers, or involved so many in the field of but was himself hospitalised and, during his convalescence, started to study physical chemistry, obtaining a doctorate from the University of Budapest in 1917.
In 1920, Polanyi emigrated to Germany to work as a chemist at the Kaiser Wilhelm Institute for Fiber Chemistry in Berlin. There, he married Magda Elizabeth in a Roman Catholic ceremony. In 1929, Magda gave birth to a son John, who was himself to become a distinguished chemist. The family moved to England in 1933 so that Michael could take up a position at the University of Manchester.