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CEE Biographies

Fritz Machlup

Born in Austria, Fritz Machlup moved to the United States in 1933. He worked in two main areas: industrial organization, with particular emphasis on the production and distribution of knowledge, and international monetary economics. One of Machlup’s most famous articles in industrial organization is his 1946 defense of the economist’s standard assumption that firms maximize […]

Adam Smith

  With The Wealth of Nations Adam Smith installed himself as the leading expositor of economic thought. Currents of Adam Smith run through the works published by David Ricardo and Karl Marx in the nineteenth century, and by John Maynard Keynes and Milton Friedman in the twentieth. Adam Smith was born in a small village […]

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