Friedrich Lutz (economist)

Friedrich August Lutz ( born December 29, 1901 in Saar castle, † December 4, 1975 in Zurich ) was a German economist.

Life

The son of a brewer studied economics at the Universities of Heidelberg and Berlin. In 1925 he received his doctorate at Walter Eucken in Tübingen, in 1932 he was habilitated at Eucken in Freiburg im Breisgau. In 1937 he married the economist Vera Constance Smith from the UK, with whom he emigrated to the United States in 1938. From 1938 to 1947 he was Associate, 1947-1952 Associate Professor at Princeton University. From 1953 to 1972, Lutz was a professor of theoretical welfare economics and history of social economics at the University of Zurich.

Lutz belonged to the justified by his teacher Eucken in Freiburg school of economics, which turned away from the historical method and turned to the theoretical foundations of the market system. His publication focused on the interest rate, monetary theory, and the trim and competition policy.

He was in 1947 co-founded the Mont Pelerin Society, which he chaired from 1965 to 1967. From 1948 to 1975 he was co-editor of the journal Ordo. He was co-founder in 1954 and from 1954 to 1975 member of the board of the Walter Eucken Institute. In the second half of the fifties, he was a consultant to the Bank for International Settlements. From 1965 to 1975 he headed the Swiss Institute of International Studies, in the same period he was a member of the Scientific Advisory Council of the German Federal Ministry of Economics.

Writings (selection )

  • The battle for the concept of capital in recent times. Göbel, Tübingen 1927 (dissertation).
  • The economic problem in the national economy. Fischer, Jena, 1932 ( habilitation thesis ).
  • Basic problem of the monetary system. Kohlhammer, Stuttgart 1936.
  • Corporate cash balances 1914-43: Manufacturing and trade. National Bureau of Economic Research, New York, 1945.
  • Vera C. Lutz: The theory of investment of the firm. Princeton University Press, Princeton, 1951.
  • Money and Currency: Collected Essays. Mohr, Tübingen, 1962 ( with bibliography ).
  • Political beliefs and economic theory: Zurich lectures. Mohr, Tübingen, 1971 ( with bibliography ).
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