Ludwig Lachmann

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Ludwig Lachmann (born February 1, 1906 in Berlin , † December 17, 1990 in Johannesburg ) was an economist at the Austrian School .

Life

Ludwig Lachmann studied at the London School of Economics in the 1930s . He later taught at the Witwatersrand University in South Africa .

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In Lachmann's opinion, the Austrian School deviated from Carl Menger's original teaching , which was a completely subjective economy. He took an evolutionary view of the theory of balance and complete knowledge in the neoclassical school . The concepts of economic subjectivism , incomplete information , the diversity of capital , economic cycle, methodological individualism and the market process were of great importance for his work .

He had a great influence on the development of the Austrian School in the United States.

Publications

  • Uncertainty and liquidity preference. (1937).
  • The Legacy of Max Weber. (1970)
  • From Mises to Shackle: an essay on Austrian economics and the Kaleidic society. In: Journal of Economic Literature , 14, 1976, pp. 54-62.
  • Capital and its Structure. (1956).
  • The flow of legislation and the permanence of the legal order. (1979).
  • The salvage of ideas. problems of the revival of austrian economic thought. (1982).
  • The Market as an Economic Process. (1986).
  • Austrian Economics: a hermeneutic approach. (1990).
  • GLS Shackle's place in the history of subjectivist thought. (1990).

A collection of articles can be found in

  • D. Lavoie (Ed.): Expectations and the Meaning of Institutions: Essays in Economics by Ludwig Lachmann . Routledge, London / New York 1994.

literature

Web links