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

A Reconsideration of the Austrian Theory of Industrial Fluctuations

06/30/2006 Articles of Interest Ludwig M. Lachmann

Published in Economica, May 1940.

“Commodity Stocks in the Trade Cycle”

07/01/2006 Articles of Interest Ludwig M. Lachmann

Published in Economica, November 1938.

An Interview with Ludwig Lachmann

07/30/2014 Austrian Economics Newsletter Ludwig M. Lachmann

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...

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Publications

Capital and Its Structure

07/20/1956 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

01/01/1970 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

08/15/1973 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

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Media

History of the Austrian School of Economics

03/11/2005 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).

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

03/11/2005 Ludwig M. Lachmann

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.

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

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