Ideologies / Libertarian Capitalist / Ludwig Lachmann
§ The minds · 1906–1990 · Germany / South Africa · Economist
Ludwig Lachmann
Radical subjectivism
Expectations and the unknowable future.
Economic+88
SocialistMarket
Governance−30
LibertarianAuthoritarian
Social−10
TraditionalProgressive
The Austrian economist who pushed subjectivism to its radical edge — markets as a perpetually unfolding process no planner could foresee, because the future is genuinely unknowable.
social
Restrained mid-century liberal.
economic
Markets as an open-ended process shaped by divergent expectations.
governance
Classical-liberal sceptic of planning's pretensions to knowledge.
Notable for
- Radical subjectivism
- 'The Market as an Economic Process'
- Austrian revival figure
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