ABSTRACT
Professor Lachmann’s contributions to economics, spanning six decades, and addressing issues in microeconomics, macroeconomics, methodology and the history of thought, are a treasure chest. His essays are consistently well written and extraordinarily insightful, yet his message has not yet been adequately appreciated, even by those who know some of his major works. As a dissident member of a dissident school of thought, the Austrian school, his work is not well known in the economics profession at large. Yet as these essays show, Lachmann’s challenges to mainstream economics in general, and to mainstream Austrian economics, even those he penned a half century ago, strike at the very heart of what has gone wrong with ‘the dismal science’.
