This collection includes seventeen of Ludwig Lachmann’s most important papers published from 1940 to 1973. It includes and extended introduction by Walter Grinder.
![Capital, Expectations, and the Market Process by Ludwig Lachmann](https://cdn.mises.org/styles/responsive_6_9_650w/s3/static-page/img/Capital%2C%20Expectations%2C%20and%20the%20Market%20Process%20Essays%20on%20the%20Theory%20of%20the%20Market%20Econony_Lachmann.jpg.webp?itok=AFRi9d1L 650w,https://cdn.mises.org/styles/responsive_6_9_870w/s3/static-page/img/Capital%2C%20Expectations%2C%20and%20the%20Market%20Process%20Essays%20on%20the%20Theory%20of%20the%20Market%20Econony_Lachmann.jpg.webp?itok=uP0HaA6j 870w,https://cdn.mises.org/styles/responsive_6_9_1090w/s3/static-page/img/Capital%2C%20Expectations%2C%20and%20the%20Market%20Process%20Essays%20on%20the%20Theory%20of%20the%20Market%20Econony_Lachmann.jpg.webp?itok=yW0Uji2X 1090w,https://cdn.mises.org/styles/responsive_6_9_1310w/s3/static-page/img/Capital%2C%20Expectations%2C%20and%20the%20Market%20Process%20Essays%20on%20the%20Theory%20of%20the%20Market%20Econony_Lachmann.jpg.webp?itok=qPo4XwT9 1310w,https://cdn.mises.org/styles/responsive_6_9_1530w/s3/static-page/img/Capital%2C%20Expectations%2C%20and%20the%20Market%20Process%20Essays%20on%20the%20Theory%20of%20the%20Market%20Econony_Lachmann.jpg.webp?itok=v77iOnCu 1530w)
Ludwig Lachmann (1906–1990) was a German-born member of the Austrian School of economics. He studied at the London School of Economics in the 1930s, taught at the University of Wiwatersrand in South Africa, and wrote seminal material on Austrian capital theory.
Sheed, Andrews, and McNeel, Inc., Subsidiary of Universal Press Syndicate, Kansas City, 1977