Fritz Machlup

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Fritz Machlup (right) receiving an honorary doctorate from Kiel University (1965)

Friedrich Eduard Machlup (until 1940: Machlup-Wolf , born December 15, 1902 in Wiener Neustadt , Austria-Hungary , † January 30, 1983 in Princeton , New Jersey ) was an Austro-American economist . He was one of the first economists to theoretically describe the importance of knowledge as an economic resource .

Life

Fritz Machlup was born in 1902 as the son of a cardboard box manufacturer; his mother Cécile Machlup was a respected photographer. From 1920 he studied a. a. with Friedrich von Wieser and Ludwig von Mises at the University of Vienna Economics. As early as 1923 he received his doctorate on the basis of a currency theoretical study on gold. Machlup received a Rockefeller Scholarship for the USA in 1933 and accepted a professorship at the University of Buffalo in 1935. After the annexation of Austria to the German Reich, he emigrated to the USA and in 1940 took on the US citizenship.

He taught at the University of Buffalo (1935–47), Johns Hopkins University in Baltimore (1947–59) and Princeton University (1960–83). In 1966 Machlup standing American Economic Association as president-elect before.

plant

Machlup's main work is the book The Production and Distribution of Knowledge in the United States , published in 1962 . With his theories about knowledge as an economic resource and his analytical investigation of structures for knowledge distribution, he was instrumental in the development of information economics . He was instrumental in popularizing the concept of the information society .

Machlup also submitted an extensive study of whether it makes sense from an economic point of view to protect inventions through patents.

Awards

Fonts (selection)

  • The gold core currency. A currency history u. Currency theory study, Meyer, Halberstadt 1925.
  • The new currencies in Europe , Enke, Stuttgart 1927.
  • Stock market credit, industrial credit and capital formation , Springer, Vienna 1931.
  • Guide through the crisis policy , Springer, Vienna 1934.
  • The basing-point system. An economic analysis of a controversial pricing practice , Blakiston, Philadelphia 1949.
  • The economics of sellers' competition. Model analysis of sellers' conduct , Johns Hopkins Press, Philadelphia 1952 (German edition udT competition in sales. Model analysis of supplier behavior , Göttingen 1966).
  • The political economy of monopoly. Business, labor and government policies , Johns Hopkins Press, Philadelphia 1952.
  • The production and distribution of knowledge in the United States , Princeton University Press, Princeton 1962.
  • The economic foundations of patent law , Verlag Chemie, Weinheim 1962.
  • Essays on economic semantics , Prentice Hall, Englewood Cliffs 1963.
  • International payments, debts, and gold. Collected essays , Scribner, New York 1964.
  • Involuntary foreign lending , Almqvist & Wiksell, Stockholm 1965.
  • Remaking the international monetary system. The Rio Agreement and beyond , Hopkins, Baltimore 1968.
  • The Alignment of Foreign Exchange Rates. The first Horowitz lectures , Praeger, New York 1972.
  • Selected economic writings , New York University Press, New York 1976, ISBN 0-8147-7771-6 .
  • A history of thought on economic integration , Macmillan, London 1977, ISBN 0-333-21344-0 .
  • Appreciation of the works of Friedrich A. von Hayek , Mohr, Tübingen 1977, ISBN 3-16-339421-3 .
  • Methodology of economics and other social sciences , Academic Press, New York 1978, ISBN 0-12-464550-X .
  • Knowledge. Its creation, distribution, and economic significance , 3 volumes, Princeton University Press, Princeton 1980–1984.
  • Economic journalistic articles in critical times (1931-1934 ), Metropolis-Verlag, Marburg 2005, ISBN 3-89518-525-6 .

literature

  • Jacob S. Dreyer (Ed.): Breadth and depth in economics. Fritz Machlup - the man and his ideas , Lexington Books, Lexington 1978, ISBN 0-669-01430-3 .

Web links

Commons : Fritz Machlup  - Collection of images, videos and audio files

Individual evidence

  1. ↑ Iris Meder, Andrea Winklbauer (ed.): Vienna's Shooting Girls - Jewish women photographers from Vienna . Catalog of the exhibition in the Jewish Museum Vienna . Metroverlag, Vienna 2012, ISBN 978-3-99300-089-9 , p. 203
  2. ^ Past and Present Officers. aeaweb.org ( American Economic Association ), accessed October 29, 2015 .
  3. ^ Fritz Machlup - An Economic Review of the Patent System 1958 - In: Study of the Subcommittee on Patents, Committee on Judiciary, USCongress, 85th Congress, 2d sess. Pursuant to S. Res. 236, Study No. 15 Mises Institute Auburn Alabama website
  4. ^ Fritz Machlup - The economic foundations of patent law 1958 - Parts of the study for the US Congress in German translation Website Des Seminar für freiheitlicheordnung eV
  5. ↑ Member History: Fritz Machlup. American Philosophical Society, accessed December 15, 2018 .
  6. ↑ Bernhard Harms Prize. (No longer available online.) Ifw-kiel.de , archived from the original on June 14, 2013 ; Retrieved June 15, 2013 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.ifw-kiel.de
  7. ↑ List of all decorations awarded by the Federal President for services to the Republic of Austria from 1952 (PDF; 6.9 MB)
personal data
SURNAME Machlup, Fritz
ALTERNATIVE NAMES Machlup, Friedrich Eduard; Machlup-Wolf, Fritz
BRIEF DESCRIPTION Austro-American economist
DATE OF BIRTH December 15, 1902
PLACE OF BIRTH Wiener Neustadt
DATE OF DEATH January 30, 1983
Place of death Princeton , New Jersey