In the quarter century since his death, Polanyi's political thought has received little attention. The few studies that are available tend to mis-represent the character of his political thought either by developing only one of its aspects, or worse by presenting his ideas in inappropriately ideological terms. In this thesis I attempt to remedy this situation and present a more accurate account ofPolanyi's political philosophy. Through the careful analysis offundamental aspects ofhis epistemology and ontology, and through a treatment oftheir relation to his political ideas, I present a comprehensive interpretation ofPolanyi's political thought, taking into account the full complexity ofhis philosophical understanding. I present Polanyi as a keen interpreter ofmodernity, whose political thought is characterized not only by its 'conservative' elements, as is argued by all previous interpreters, but also, and more importantly by its anti-and non-ideological quality. I maintain that crucial to the interpretation of Polanyi's political thought is the recognition of the important and hierarchical relationship between man's commitment to the discovery and upholding of the truth ofa transcendent source oforder experienced in reality, and the role of traditions and standards in scientific, intellectual and political life. I maintain that the mis-representative accounts ofPolanyi's political philosophy offered by previous interpreters are due in large part to a failure to recognize the importance of this relationship. / Thesis / Master of Arts (MA)