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