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Macro-Economic Thinking and the Market Economy

  • Macro-Economic Thinking and the Market Economy by Ludwig Lachmann
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08/15/1973Ludwig M. Lachmann

The market economy is under relentless and heavy criticism. Some of these criticisms are due to ignorance. Some, however, show a remarkably high degree of skill and sophistication. This book is devoted to a critical evaluation of some of the more sophisticated ideas deployed in this debate.

Author:

Ludwig M. Lachmann

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.

References

London: Institute for Economic Affairs, 1973

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