4+ Fritz Machlup Quotes And Sayings

Following is our list of the best Fritz Machlup quotes and sayings.

If we did not have a patent system, it would be irresponsible, on the basis of our present knowledge of its economic consequences, to recommend instituting one. But since we have had a patent system for a long time, it would be irresponsible, on the basis of our present knowledge, to recommend abolishing it. — Fritz Machlup

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

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

Information is acquired by being told, whereas knowledge can be acquired by thinking. — Fritz Machlup