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Connell on Machlup

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06/25/2013

Carol Connell, author of several insightful articles on Fritz Machlup (including "Fritz Machlup's Methodology and The Theory of the Growth of the Firm" in the 2007 QJAE), has a new book, Reforming the World Monetary System: Fritz Machlup and the Bellagio GroupThe book deals with Machlup's attempts in the 1960s to organize a group of elite economists to make recommendations on international monetary policy. No one in Machlup's group, including Machlup himself, recommended a return to the international gold standard, which led to a temporary falling-out between Machlup and Mises.

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