Expectations and the Meaning of Institutions: Essays in Economics by Ludwig M. Lachmann

1st Edition

Don Lavoie

Routledge
Published December 23, 2014
Reference
ISBN 9781138006775 - CAT# Y164096
Series: Routledge Foundations of the Market Economy

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Summary

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.

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