Fritz Machlup [SEP] occupation
Fritz Machlup
Fritz Machlup (; ; December 15, 1902 – January 30, 1983) was an Austrian-American economist who was president of the International Economic Association from 1971–1974. He was one of the first economists to examine knowledge as an economic resource, and is credited with popularizing the concept of the information society.
Early life and career.
He was born to Jewish parents in Wiener-Neustadt, Austria, near Vienna; his father was a businessman who owned two factories that manufactured cardboard. Machlup earned his
of psychology to be five years.
Coining.
The concept of "half-life of knowledge" is attributed to Fritz Machlup (1962).
The similar concept of a "half-life of facts" was coined by Samuel Arbesman, a Harvard mathematician and scholar at the Kaufmann Foundation.
See also.
- Half-life
- Pessimistic induction, scientific knowledge changes over time
References.
- Machlup, F. (1962). "Knowledge production and distribution in the United States.