Lachmann and Schumpeter: Some Reflections

Martin Fransman

A chapter in Including a Symposium on Ludwig Lachmann, 2019, vol. 37B, pp 43-53 from Emerald Group Publishing Limited

Abstract: In this work, I deal – based on my memories and reflections on Lachmann’s teaching and the ideas that I discussed with him as my dissertation supervisor and member of his weekly departmental seminar – with the following two topics: first, what Lachmann understood by his subjectivist approach to economics and some of its consequences, including the use of the concept of equilibrium in economics; and second, my understanding of Lachmann’s intellectual relationship with Schumpeter. The work also raises questions about the absence in Lachmann’s work of an examination of the role of innovation in the economic process that he analyzed.

Keywords: Lachmann; Schumpeter; subjectivism; equilibrium; innovation; innovation decision (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:eme:rhetzz:s0743-41542019000037b006

DOI: 10.1108/S0743-41542019000037B006

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