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Machlup On The Transfer Problem




This paper intends to provide a comprehensive and critical survey of the valuable but neglected contributions of Fritz Machlup to the debate on the Transfer Problem. Machlup took three different and conflicting lines of approach to the problem in the course of his lifelong study of it. The third, which is of a basically monetary character, provides original results, especially in relation to the demand-oriented and quantitative approach that dominates in the standard literature.

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  • Ormazabal, Kepa M, 2010. "Machlup On The Transfer Problem," Journal of the History of Economic Thought, Cambridge University Press, vol. 32(04), pages 471-493, December.
  • Handle: RePEc:cup:jhisec:v:32:y:2010:i:04:p:471-493_00

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