Media Asset
Author:
Ludwig M. Lachmann
Online Publish Date:
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). Lachmann recommends Menger, Jevons and Walras