Early Life and Career
Born in Wiener-Neustadt, Austria, he earned his doctorate at the University of Vienna. He fled Nazi Germany for the United States in 1933 and became a US citizen in 1940.
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.
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. This group was the direct predecessor of the influential Washington-based financial advisory body, the Group of Thirty, which he joined in 1979.
Read more about this topic: Fritz Machlup
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