L. Albert Hahn

L. Albert Hahn was one of the most highly regarded economists and bankers in Germany before the war but he was unknown in the United States until the 1949 translation of The Economics of Illusion, his frontal attack on the Keynesian system.

Latest work

Mises Daily L. Albert Hahn
It is a regrettable fact that most of what is written nowadays in our field moves in such esoteric spheres and uses such technical language that it can no longer be read or understood even by a businessman interested in economic theory.
Mises Daily L. Albert Hahn
Forecasts of postwar deflation turned out to be entirely wrong. Instead, the postwar economy boomed. But the forecasters, in no way discouraged by their errors, stayed on the job.
Mises Daily L. Albert Hahn
Keynesianism presupposes an economy whose members do not see through the changes brought about by monetary or fiscal manipulation — or, as some might say, the swindle. Above all, it presupposes that people are blinded by the idea that the value of money is stable — by the "money illusion," as Irving Fisher called it. In all this we are not saying anything new; fundamentally, we are merely stating the approach of the classical economists.