Ludwig Lachmann: A subjectivist institutionalist, but not a nihilist
The legacy of Ludwig Lachmann within the Austrian School of Economics is subject to several interpretations in the literature: though he clearly considered himself a member of the school and he influenced many Austrian economists, his particular methodological claims prompted Murray Rothbard to disa...
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| Format: | Article |
| Language: | deu |
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Copernicus Center Press
2024-12-01
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| Series: | Zagadnienia Filozoficzne w Nauce |
| Subjects: | |
| Online Access: | https://zfn.edu.pl/index.php/zfn/article/view/674 |
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| Summary: | The legacy of Ludwig Lachmann within the Austrian School of Economics is subject to several interpretations in the literature: though he clearly considered himself a member of the school and he influenced many Austrian economists, his particular methodological claims prompted Murray Rothbard to disavow him as a nihilist.
In this article, we defend Lachmann by arguing that in order to defend his methodological stance he invoked extra-Austrian influences (Max Weber, G.L.S. Shackle). This way, he championed subjectivist institutionalism consistently both in theory and in practice. His approach leaves a peculiar, unorthodox, yet positive legacy for contemporary Austrian economics, not so far from the orthodox Misesian stance as it is broadly understood. |
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| ISSN: | 0867-8286 2451-0602 |