Top 3 Fritz Machlup Quotes (2024 Update)

Fritz Machlup Quote: “Information is acquired by being told, whereas knowledge can be acquired by thinking.”

1. “Information is acquired by being told, whereas knowledge can be acquired by thinking.”

2. “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

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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