Credit for devising the theory is normally accorded to Friedrich Lutz (1940), though others, particularly Sir John Hicks (1939), were pursuing similar lines of enquiry. Bailey, Roy E. (2005). The Economics Of Financial Markets. Cambridge: Cambridge University Press. p. 317. ISBN978-0521612807.
Veit-Bachman, Verena (2003). "Friedrich A. Lutz: Leben unde Werk". In Vanberg, Viktor J. (ed.). Währungsordnung und Inflation: Zum Gedenken an Friedrich A. Lutz (1901–1975). Beiträge zur Ordnungstheorie und Ordnungspolitik, volume 169 (in German). Tübingen: Siebeck. p. 16. ISBN978-3161481369.
Vanberg, Viktor J. (2004). "The Freiburg School: Walter Eucken and Ordoliberalism"(PDF). Freiburg Discussionpapers on Constitutional Economics. Freiburg: Institut für Allgemeine Wirtschaftsforschung, Abteilung für Wirtschaftspolitik, Albert-Ludwigs Universität Freiburg: 1–2.
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Lutz, Friedrich A.; Lutz, Vera C. (1950). Monetary and Foreign Exchange Policy in Italy. Princeton, New Jersey: Princeton University Press. OCLC1352304.
Lutz, Friedrich August (1962). The Problem of International Economic Equilibrium. Amsterdam: North-Holland Publishing Company. OCLC4649599.
Lutz, Friedrich August (1963). The Problem of International Liquidity and the Multiple-Currency Standard. Essays in international finance, no. 41. Princeton, New Jersey: International Finance Section, Department of Economics, Princeton University. OCLC732275.