ABSTRACT
This collection of Ludwig Lachmann's essays challenges contemporary attitudes to economics and seeks to apply an interpretive approach to the discipline. The essays, spanning six decades, address a wide range of issues in microeconomics, macroeconomics, methodology and the history of thought. They outline Lachmann's approach to economics, with the emphasis on the meaning of human institutions in a world of unpredictable change, rather than on quantitative and stable relations. Collecting Lachmann's most important work together for the first time, it includes two essays never previously published.
TABLE OF CONTENTS
part |2 pages
Part I UNCERTAINTY, INVESTMENT AND ECONOMIC CRISES
part |2 pages
Part II CAPITAL AND INVESTMENT REPERCUSSIONS
part |2 pages
Part III DIAGNOSING THE AUSTRIAN SCHOOL’S ‘GREAT DEPRESSION’
part |2 pages
Part IV SUBJECTIVISM AND THE INTERPRETATION OF INSTITUTIONS