Fritz Machlup

Fritz Machlup
Born (1902-12-15)December 15, 1902
Wiener-Neustadt, Austria-Hungary
Died January 30, 1983(1983-01-30) (aged 80)
Princeton, New Jersey, U.S.
Nationality Austria-Hungary
Institution New York University
(1971–83)
Princeton University
(1960–83)
Johns Hopkins University
(1947–59)
University at Buffalo
(1935–47)
School or
tradition
Austrian School
Alma mater University of Vienna
(Dr. rer. pol 1923)
Influences Ludwig von Mises, Friedrich von Wieser
Influenced Ta-Chung Liu
Merton Miller
Edith Penrose
John Williamson
Contributions Information society
Signature

Fritz Machlup (German: [ˈmaχlʊp]; December 15, 1902 – January 30, 1983) was an Austrian-American economist. He was notable for being one of the first economists to examine knowledge as an economic resource.

Early life and career

He was born to Jewish parents in Wiener-Neustadt, Austria, near Vienna; his father was a businessman who owned two factories that manufactured cardboard.[1] Machlup earned his doctorate at the University of Vienna. He fled Austria for the United States in 1933 and became a US citizen in 1940.[2]

Machlup's key work was The Production and Distribution of Knowledge in the United States (1962), which is credited with popularizing the concept of the information society.

He was president of the International Economic Association from 1971–1974.

Shortly before his death he completed the third in a series of ten planned volumes collectively called Knowledge: Its Creation, Distribution, and Economic Significance.

Machlup is also credited with forming the Bellagio Group in the early 1960s.[3] This group was the direct predecessor of the influential Washington-based financial advisory body, the Group of Thirty, which he joined in 1979.

Major works

See also

References

  1. Gottfried Haberler. "Fritz Machlup In Memoriam." Cato Journal, vol. 3, #1, 1983, p. 11.
  2. Klausinger, Hansjoerg (2014). "Academic Anti-Semitism and the Austrian School: Vienna, 1918–1945". Atlantic Economic Journal 42 (2): 191–204. doi:10.1007/s11293-014-9410-x.
  3. Gottfried Haberler. "Fritz Machlup: In Memoriam" (PDF). Cato Journal. Cato Institute.

External links

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