Articles of Interest
Author:
Peter Lewin
Online Publish Date:
schools of thought. He frequently employed metaphors of combat to describe his mission to advance the cause of Austrian economics. He was intensely concerned about profits. Capital combinations are part of production plans. Plans may succeed or fail. It is only in the most unlikely situation of perfect plan equilibrium, where purposes, they help jointly to fulfill a production plan. When the plan fails, in whole or in part, substitutions must be made. Lachmann builds his theory of