Expectations and the Meaning of Institutions - Essays in Economics By Ludwig M. Lachmann

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.

List of contents

Part I Uncertainty, investment and economic crises Part II Capital and investment repercussions Part III Diagnosing the Austrian School’s ‘great depression’, Part IV Subjectivism and the interpretation of institutions

About the author

Don Lavoie (Edited by)

Summary

This collection of Lachmann's essays outline his approach to economics and, in particular, his emphasis on the meaning of human institutions in a world of unpredictable change, rather than on quantitative and stable relations.

Product details

• Authors: Don Lavoie
• Assisted by: Don Lavoie (Editor)
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Paperback / Softback
• Released: 23.12.2014
• EAN: 9781138006775
• ISBN: 978-1-138-00677-5
• No. of pages: 340
• Series: Routledge Foundations of the Market Economy; Routledge Foundations of the Market Economy
• Subject: Social sciences, law, business > Business > General, dictionaries