Ludwig Lachmann

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

Life

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

Work

Lachmann's opinion gave the Austrian school of the original teaching of Carl Menger, a completely subjective economics, from. He represented an evolutionary point of view in relation to the theory of equilibrium and complete knowledge in the neoclassical school. Of great importance for his work, the terms were Economic subjectivism, incomplete information, the diversity of capital, economic cycle, methodological individualism and the market process.

He had 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 ), 54-62.
• Capital and Its Structure. (1956).
• The salvage of ideas. problems of the revival of austrian economic thought. (1982).
• The Market as on Economic Process. (1986).
• Austrian Economics: a hermeneutic approach. (1990).
• G.L.S. Shackle 's place in the history of subjectivist thought. (1990).

A collection of essays can be found in

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