Containing Fritz Machlup's papers on international finance spanning thirty years, this volume includes pieces translated into English for the first time. Focussing on the theme of the balance of payments, the work is structured as follows: Foreign Exchanges and Balance of Payments, The Effects...

Papers include: an affirmation of the ""relevance"" of Hayek's work, a survey of his contribution to knowledge, an appraisal of Hayek's innovative work on the methodology of the social sciences and a discussion of his achievements as a scholar

Fourteen leading economists analyze the problem of imbalance in international payments and suggest corrective measures. Three general appraisals by William Fellner, Fritz Machlup, and Robert Triffin are followed by shorter technical papers on special issues by Fellner, Gottfried Haberler, Sir...