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.
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Meet the Author
Ludwig M. Lachmann
View Ludwig M. Lachmann bio and works
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.
Volume 1, Number 3 (Fall 1978) Professor Ludwig M. Lachmann, one of the most prominent members of the Austrian school, has centered his long and productive career around the importance of subjectivism...
Volume 1 (Fall 1979) Lawrence H. WhiteLudwig M. Lachmann In the Spring 1979 issue of this newsletter Lawrence H. White comments on “a controversy sparked by Professor Lachmann’s thought which has...
What is of great economic interest is not the mode of distribution at a moment of time but its mode of change over time.
References
London: Institute for Economic Affairs, 1973
