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.

Articles

View all Ludwig M. Lachmann articles

Publications

Capital and Its Structure
Ludwig M. Lachmann
Ludwig Lachmann in 1956 set out to correct the problem that the economics profession had no coherent and working understanding of capital, a concept so integral to economic science and yet not explored at length since the takeover of macroeconomics
The Legacy of Max Weber
Ludwig M. Lachmann
Ludwig Lachmann took a strong interest in the history of economic thought, particularly as it pertained to methodology. While he would not have claimed to be an Austrian in the Misesian tradition, his writings have influenced Austrians. Here is his
Macro-Economic Thinking and the Market Economy
Ludwig 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
View all Ludwig M. Lachmann publications

Media

History of the Austrian School of Economics
Ludwig M. Lachmann

Biographical remarks about Lachmann (1906-1990). Then, Lachmann describes Austrian economics as being subjectivism (individual human action), a certain attitude to time (the future is unknowable), and a distrust of macroeconomic entities (they exist, but Austrians look at macro as mechanistic).