LACHMANN'S INTELLECTUAL TRAJECTORY: STEPS TOWARDS THE CONSISTENT APPLICATION OF SUBJECTIVISM

Authors

DOI:

https://doi.org/10.1590/gmgwbv69

Abstract

The present essay identifies a maturation of the subjectivist perspective in the writings of Ludwig Lachmann in terms of “steps towards the consistent application of subjectivism”. The dual influence of Max Weber's interpretive tradition and Carl Menger's subjectivism on Lachmann's academic background, later reinforced by the influence of economist George Shackle on him, is important to identify the source of the peculiar position that the author would assume within the Austrian tradition over time. Both his theory of capital, more centered on the problem of divergent expectations at the beginning of his career, and his essays on methodology, which problematize the rigid separation between theory and history, reflect his long trajectory in defense of subjectivism. 

Published

2026-03-13