Fritz Machlup was born in Vienna, Austria, and began his career there as an entrepreneur and businessman. He did not pursue a scholarly career until after he moved to the United States in 1933. In the United States, Machlup's career encompassed work in many fields, including capital, monetary, and business-cycle theory, along with work on knowledge creation and dissemination.

Career Highlights

During his career, Machlup was a visiting professor at more than fourteen American universities, including Harvard University, Cornell University, the University of California at Berkeley, and Stanford University. He was the Abram G. Hutzler Professor of Political Economy at Johns Hopkins University in Baltimore, Maryland, from 1947 to 1960 and the Walker Professor of Economics and International Finance and Director of the International Finance Section at Princeton University in New Jersey between 1960 and 1971. He was on the faculty of the School of Economics at New York...