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Ludwig Lachmann’s peculiar status within Austrian economics

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  • Virgil Henry Storr

    (George Mason University)

Abstract

Lachmann occupies a strange position within modern Austrian economics. He is viewed as something of an outsider and his views are often regarded as outside the mainline of modern Austrian thought. But, on several key issues – especially subjectivism and institutions – Lachmann’s positions are the dominant positions within the school. This article argues that, with little fanfare but in several important respects, Austrian economics has moved in a decidedly Lachmannian direction.

Suggested Citation

  • Virgil Henry Storr, 2019. "Ludwig Lachmann’s peculiar status within Austrian economics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 32(1), pages 63-75, March.
    • Handle: RePEc:kap:revaec:v:32:y:2019:i:1:d:10.1007_s11138-017-0403-2
    DOI: 10.1007/s11138-017-0403-2
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    References listed on IDEAS

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    1. Peter J. Boettke & Christopher J. Coyne & Peter T. Leeson, 2015. "Institutional stickiness and the New Development Economics," Chapters, in: Laura E. Grube & Virgil Henry Storr (ed.), Culture and Economic Action, chapter 6, pages 123-146, Edward Elgar Publishing.
    2. Paul Lewis, 2008. "Solving the “Lachmann Problem”: Orientation, Individualism, and the Causal Explanation of Socioeconomic Order," American Journal of Economics and Sociology, Wiley Blackwell, vol. 67(5), pages 827-857, November.
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    5. Powell,Benjamin, 2014. "Out of Poverty," Cambridge Books, Cambridge University Press, number 9781107688933, January.
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    13. Virgil Henry Storr & Stefanie Haeffele-Balch & Laura E. Grube, 2015. "Community Revival in the Wake of Disaster," Perspectives from Social Economics, Palgrave Macmillan, number 978-1-137-31489-5, December.
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    Cited by:

    1. Sandye Gloria, 2019. "From Methodological Individualism to Complexity: The Case of Ludwig Lachmann," Post-Print halshs-02345495, HAL.
    2. Sandye Gloria, 2019. "From Methodological Individualism to Complexity: The Case of Ludwig Lachmann," Review of Political Economy, Taylor & Francis Journals, vol. 31(2), pages 216-232, April.

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