Profiles

Home | Profile | Ludwig M. Lachmann

Ludwig M. Lachmann

Works Published inAustrian Economics NewsletterSpeeches and PresentationsMises Daily ArticleArticles of Interest

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.

All Works

The Market and the Distribution of Wealth

Free MarketsEntrepreneurship

11/30/2011Mises Daily Articles
What is of great economic interest is not the mode of distribution at a moment of time but its mode of change over time.
Read More

History of the Austrian School of Economics: Question and Answer Session

BiographiesEducationHistory of the Austrian School of Economics

03/11/2005Audio/Video
Was George Stigler sympathetic to the Austrian school? Lachmann doesn’t think so because Stigler was a favorite student of Knight. Austrians should have dealt with Keynes, instead they quarreled with Knight. What policies do Austrians pursue? Those that favor the market.
Read More

History of the Austrian School of Economics

BiographiesHistory of the Austrian School of Economics

03/11/2005Audio/Video
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).
Read More
Shield icon audience