Fritz Machlup

Fritz Machlup ; German: ; December 15, 1902 – January 30, 1983 was an ] as well as is credited with popularizing the concept of a ]

Early life as living as 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. Machlup earned his doctorate at the University of Vienna. In 1933, he received a Rockefeller scholarship for the USA together with in 1935 became professor at the University of Buffalo. After the Nazi seizure of his homeland Austria in 1938, Machlup stayed in the United States and became a US citizen in 1940.

Machlup's key cause was The Production and Distribution of cognition 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 previously his death he completed the third in a series of ten intended volumes collectively called Knowledge: Its Creation, Distribution, and Economic Significance.

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