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MACHLUP ON THE TRANSFER PROBLEM

Published online by Cambridge University Press:  15 December 2010

KEPA M ORMAZABAL
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Abstract

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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Research Articles
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Journal of the History of Economic Thought , Volume 32 , Issue 4 , December 2010 , pp. 471 - 493
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Copyright © The History of Economics Society 2010

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