Fritz Machlup

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The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Machlup, Fritz


Born Dec. 15, 1902, in Wiener Neustadt, Austria. American economist. Graduated from the University of Vienna (1923).

In 1933, Machlup emigrated to the USA, where he taught at a number of higher educational institutions. He was a professor at Princeton University in the 1960’s, and in 1965 he was elected president of the American Economic Association. He wrote on the theory of prices, monetary circulation and credit, and international trade and currency relations. In a number of his works, he adduces extensive factual material that, despite the author’s intentions, testifies to the intensifying oppression by financial capital in the USA.


The Political Economy of Monopoly: Business, Labor and Government Policies. Baltimore, 1952.
International Payments, Debts and Gold: Collected Essays. New York, 1964.
International Trade and the National Income Multiplier. New York, 1965.
In Russian translation:
Plany perestroiki mezhdunarodnoi valiutnoi sistemy. Moscow, 1966.
Proizvodstvo i rasprostranenie znanii v SShA. Moscow, 1966.
The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
But at some point stockholders will sell to enjoy their profits, and initial public offerings will take advantage of higher stock prices, as Fritz Machlup explains in The Stock Market, Credit, and Capital Formation (New York: MacMillan, 1940).
More than half a century later, Fritz Machlup (1962) published the first empirical investigation documenting the impact of knowledge in a modern economy.
Specifically, this had been the case with Paul Rosenstein-Rodan, Fritz Machlup and Martha Stefanie Braun.
Fritz Machlup, The Production and Distribution of Knowledge in the United States, Princeton University Press, Princeton, (1962) available at , accessed on 13.
Economist Fritz Machlup took a unique goals-assumptions-opportunity costs approach to the examination of alternative monetary reform plans.
All previously written prefaces and introductions to earlier editions are reproduced in this volume as are the readers' reports of Frank Knight and Jacob Marschak and correspondence between the publishers and the author's representative, Fritz Machlup.
in 1938, his life first in Boston and then in New York, and finally anecdotes about his friends and acquaintances including Paul Hindemith, Mieczyslaw Horszowski, Alexander Kipnis, the economist Fritz Machlup, the Czech soprano Jarmila Novotna, Wanda Landowska, the Viennese voice teacher Julius Patzak, Curt Sachs, the philosopher Alfred Schutz, and Bruno Walter.
In the early 1960s the economist Fritz Machlup, who since the 1950s had been researching the products of the United States "Knowledge Industry," produced a landmark study, "The Production and Distribution of Knowledge in the United States" (1962).
Yonay comes closest to explaining institutionalism's collapse in brief discussions of two exchanges: Tjalling Koopmans' review (entitled "Measurement Without Theory") of the Wesley Mitchell and Arthur Burns volume Measuring Business Cycles; and Richard Lester and Fritz Machlup's dialogue concerning the merits of marginal productivity theory.
1199 (1949) (reviewing FRITZ MACHLUP, THE BASING-POINT SYSTEM (1949)).