Top 3 Fritz Machlup Quotes
#1. One of the most original and most important ideas advanced by Hayek is the role of the 'division of knowledge' in economic society.
Fritz Machlup
#2. Information is acquired by being told, whereas knowledge can be acquired by thinking.
Fritz Machlup
#3. When I reviewed Hayek's book, The Pure Theory of Capital, it is my sincere conviction that this work contains some of the most penetrating thoughts on the subject that have ever been published.
Fritz Machlup
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