From 1947 to 1960, he was the Abram G. Hutzler Professor of Political Economy at
Johns Hopkins University, during which time he served as a research fellow at the
Ford Foundation in 1957-58.[6] He was the Walker Professor of Economics and International Finance at
Princeton University between 1960 and 1971, where he also directed the International Finance Section.[6] He was a consultant to the
Treasury Department from 1965 to 1977.[6] From 1971 till his death in 1983, he was a professor of economics at
New York University.[6] His 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.[4]
Shortly before his death, he completed the third in a series of ten planned volumes collectively called Knowledge: Its Creation, Distribution, and Economic Significance.[12] Machlup also helped form the
Bellagio Group in the early 1960s, and joined its direct successor, the
Group of Thirty, in 1979.[5][13]
Major works
Die Goldkernwährung, 1925. (dissertation under
Ludwig von Mises)
"Transfer and Price Effects", 1930, ZfN.
The Stock Market, Credit and Capital Formation, 1931. (online
e-book)
"The Liquidity of Short-Term Capital", 1932, Economica.
Machlup, Fritz (15 January 1935). "The Consumption of Capital in Austria". The Review of Economics and Statistics. 17 (1): 13–19.
doi:
10.2307/1928519.
JSTOR1928519.
"The Rate of Interest as Cost Factor and as a Capitalization Factor", 1935, American Economic Review (AER).
"Why Bother with Methodology?", 1936, Economica.
"On the Meaning of Marginal Product", 1937, Explorations in Economics.
"Monopoly and Competition: A clarification of market positions", 1937, AER.
"Evaluation of Practical Significance of the Theory of Monopolistic Competition", 1939, AER.
"Period Analysis and Multiplier Theory", 1939, QJE.
"The Theory of Foreign Exchange", 1939–40, Economica.
"Why Economists Disagree", 1964, Proceedings of APS.
International Payments, Debts and Gold, 1964.
"The Cloakroom Rule of International Reserve Creation and Resources Transfer", 1965, QJE.
"Adjustment, Compensatory Correction and Financing of Imbalances in International Payments", 1965, in Baldwin et al., Trade, Growth and the Balance of Payments.
^Chipman, J.S. (2008). "Machlup, Fritz (1902–1983)". In Durlauf, S.N.; Blume, L.E. (eds.). The New Palgrave Dictionary of Economics. London: Macmillan Palgrave.
doi:
10.1057/978-1-349-95121-5_925-2.
^Machlup, Fritz (2016). Knowledge: Its Creation, Distribution and Economic Significance, Volume III: The Economics of Information and Human Capital. Princeton University Press.
ISBN978-0-691-64049-5.[page needed]