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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 doctorate at the University of Vienna. In 1933, he received a Rockefeller scholarship for the USA and in 1935 became professor at the University of Buffalo. After the Nazi seizure of his homeland Austria in 1938, Machlup stayed in the United States and became a US citizen in 1940. Machlup's key work was ''The Production and Distribution of Knowledge in the United States'' (1962), which is credited with popularizing the concept of the information society. Machlup was ...
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Austrian School
The Austrian School is a heterodox school of economic thought that advocates strict adherence to methodological individualism, the concept that social phenomena result exclusively from the motivations and actions of individuals. Austrian school theorists hold that economic theory should be exclusively derived from basic principles of human action.Ludwig von Mises. Human Action, p. 11, "Purposeful Action and Animal Reaction". Referenced 2011-11-23. The Austrian School originated in late-19th- and early-20th-century Vienna with the work of Carl Menger, Eugen von Böhm-Bawerk, Friedrich von Wieser, and others. It was methodologically opposed to the Historical School (based in Germany), in a dispute known as ''Methodenstreit'', or methodology struggle. Current-day economists working in this tradition are located in many different countries, but their work is still referred to as Austrian economics. Among the theoretical contributions of the early years of the Austrian School are the ...
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Information Society
An information society is a society where the usage, creation, distribution, manipulation and integration of information is a significant activity. Its main drivers are information and communication technologies, which have resulted in rapid information growth in variety and is somehow changing all aspects of social organization, including education, economy, health, government, warfare, and levels of democracy. The people who are able to partake in this form of society are sometimes called either computer users or even digital citizens, defined by K. Mossberger as “Those who use the Internet regularly and effectively”. This is one of many dozen internet terms that have been identified to suggest that humans are entering a new and different phase of society. Some of the markers of this steady change may be technological, economic, occupational, spatial, cultural, or a combination of all of these. Information society is seen as a successor to industrial society. Closely relat ...
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Cato Journal
The ''Cato Journal'' is a triannual peer-reviewed academic journal which covers public policy from an Austro- libertarian point of view. It was established in 1981 and is published by the Cato Institute. It publishes articles discussing politics and economy. The journal is a "free-market, public policy journal ... for scholars concerned with questions of public policy, yet it is written and edited to be accessible to the interested lay reader". The editor-in-chief is James A. Dorn. History The journal was established in 1981, when two issues were published. The frequency of publication has been triannual since 1982, with the exception of volume 15 for 1995. The Fall 2001 issue of the Cato Journal describes itself as "An interdisciplinary journal of public policy analysis" and contains articles by Alan Greenspan, Thomas M. Humphrey, Charles I.Plosser, Manuel H. Johnson, William A. Niskanen, Robert D. McTeer, Kevin Dowd, and Alan Reynolds, among others. In 2004/2005, the gro ...
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Cato Institute
The Cato Institute is an American libertarian think tank headquartered in Washington, D.C. It was founded in 1977 by Ed Crane, Murray Rothbard, and Charles Koch, chairman of the board and chief executive officer of Koch Industries.Koch Industries is the second largest privately held company by revenue in the United States. Cato was established to have a focus on public advocacy, media exposure and societal influence. According to the ''2020 Global Go To Think Tank Index Report'' (Think Tanks and Civil Societies Program, University of Pennsylvania), Cato is number 27 in the "Top Think Tanks Worldwide" and number 13 in the "Top Think Tanks in the United States". The Cato Institute is libertarian in its political philosophy, and advocates a limited role for government in domestic and foreign affairs as well as a strong protection of civil liberties. This includes support for lowering or abolishing most taxes, opposition to the Federal Reserve system and the Affordable Care Act, ...
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Bellagio Group
The Bellagio Group is a group of international economists, senior central bankers and Treasury officials who meet annually to discuss international economic and financial issues. History The group was formed in the 1960s by Austrian economist Fritz Machlup along with William Fellner and Robert Triffin. This was partially in response to G-10 leader Douglas Dillon's statement that academics were not being invited to participate in IMF and G-10 studies on monetary reform because they could not agree on solutions. Machlup wished to focus on and interrogate those disagreements and the group was seen as providing an intellectual, as opposed to political, assessment of aspects of monetary reform. Early meetings were held at the Rockefeller Foundation Center, overlooking the town of Bellagio which gave the group its name. Membership in the group is split between international economists from academia and senior officials from central banks and treasury departments. The initial focus of ...
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American Philosophical Society
The American Philosophical Society (APS), founded in 1743 in Philadelphia, is a scholarly organization that promotes knowledge in the sciences and humanities through research, professional meetings, publications, library resources, and community outreach. Considered the first learned society in the United States, it has about 1,000 elected members, and by April 2020 had had only 5,710 members since its creation. Through research grants, published journals, the American Philosophical Society Museum, an extensive library, and regular meetings, the society supports a variety of disciplines in the humanities and the sciences. Philosophical Hall, now a museum, is just east of Independence Hall in Independence National Historical Park; it was designated a National Historic Landmark in 1965. History The Philosophical Society, as it was originally called, was founded in 1743 by Benjamin Franklin, James Alexander (lawyer), James Alexander, Francis Hopkinson, John Bartram, Philip Syn ...
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American Academy Of Arts And Sciences
The American Academy of Arts and Sciences (abbreviation: AAA&S) is one of the oldest learned societies in the United States. It was founded in 1780 during the American Revolution by John Adams, John Hancock, James Bowdoin, Andrew Oliver, and other Founding Fathers of the United States. It is headquartered in Cambridge, Massachusetts. Membership in the academy is achieved through a thorough petition, review, and election process. The academy's quarterly journal, ''Dædalus'', is published by MIT Press on behalf of the academy. The academy also conducts multidisciplinary public policy research. History The Academy was established by the Massachusetts legislature on May 4, 1780, charted in order "to cultivate every art and science which may tend to advance the interest, honor, dignity, and happiness of a free, independent, and virtuous people." The sixty-two incorporating fellows represented varying interests and high standing in the political, professional, and commercial secto ...
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University Of Buffalo
The State University of New York at Buffalo, commonly called the University at Buffalo (UB) and sometimes called SUNY Buffalo, is a public research university with campuses in Buffalo and Amherst, New York. The university was founded in 1846 as a private medical college and merged with the State University of New York system in 1962. It is one of the two flagship institutions of the SUNY system. As of fall 2020, the university enrolled 32,347 students in 13 schools and colleges, making it the largest and most comprehensive public university in the state of New York. Since its founding by a group which included future United States President Millard Fillmore, the university has evolved from a small medical school to a large research university. Today, in addition to the College of Arts and Sciences, the university houses the largest state-operated medical school, dental school, education school, business school, engineering school, and pharmacy school, and is also home to SUNY ...
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Wiener Neustadt
Wiener Neustadt (; ; Central Bavarian: ''Weana Neistod'') is a city located south of Vienna, in the state of Lower Austria, in northeast Austria. It is a self-governed city and the seat of the district administration of Wiener Neustadt-Land District. The city is the site of one of the world's oldest military academies, the Theresian Military Academy, which was established by Empress Maria Theresa of Austria in 1751 to train officers for the Austrian army. History The area once belonged to the County of Pitten, which had been inherited by Margrave Ottokar III of Styria in 1158. After the dynasty of the Otakars became extinct with the death of his son Ottokar IV of Styria, Ottokar IV, the Duchy of Styria passed to the Archduchy of Austria, Austrian House of Babenberg according to the Georgenberg Pact. Duke Leopold V, Duke of Austria, Leopold V of Austria established the town in 1194 and financed the construction of a fortress close to the Kingdom of Hungary, Hungarian border with ...
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Information Society
An information society is a society where the usage, creation, distribution, manipulation and integration of information is a significant activity. Its main drivers are information and communication technologies, which have resulted in rapid information growth in variety and is somehow changing all aspects of social organization, including education, economy, health, government, warfare, and levels of democracy. The people who are able to partake in this form of society are sometimes called either computer users or even digital citizens, defined by K. Mossberger as “Those who use the Internet regularly and effectively”. This is one of many dozen internet terms that have been identified to suggest that humans are entering a new and different phase of society. Some of the markers of this steady change may be technological, economic, occupational, spatial, cultural, or a combination of all of these. Information society is seen as a successor to industrial society. Closely relat ...
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Knowledge
Knowledge can be defined as awareness of facts or as practical skills, and may also refer to familiarity with objects or situations. Knowledge of facts, also called propositional knowledge, is often defined as true belief that is distinct from opinion or guesswork by virtue of justification. While there is wide agreement among philosophers that propositional knowledge is a form of true belief, many controversies in philosophy focus on justification: whether it is needed at all, how to understand it, and whether something else besides it is needed. These controversies intensified due to a series of thought experiments by Edmund Gettier and have provoked various alternative definitions. Some of them deny that justification is necessary and replace it, for example, with reliability or the manifestation of cognitive virtues. Others contend that justification is needed but formulate additional requirements, for example, that no defeaters of the belief are present or that the ...
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International Economic Association
The International Economic Association (IEA) is an NGO established in 1950, at the instigation of the Social Sciences Department of UNESCO. To date, the IEA still shares information and maintains consultative relations with UNESCO. In 1973 the IEA became a federated member of the International Social Science Council. The goal of the IEA is to promote personal contacts and mutual understanding among economists in different parts of the world through the organization of scientific meetings, through common research programs and by means of publications of an international character on problems of current importance. Organization The IEA has two main bodies which rule the association: the council and the executive committee. Council The IEA is governed by a council, composed of representatives of all member associations as well as a limited number of co-opted members. The council meets triennially, when it reviews the general policy of the association and elects the president and ...
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