Subjectivism and Economic Analysis: Essays in memory of Ludwig ...

SUBJECTIVISM ANDECONOMIC ANALYSISThe extraordinary heterogeneity of the scholars interested in thework of Ludwig M.Lachmann—Austrians, Keynesians, PostKeynesians, New Institutional economists, Old Institutionaleconomists and even some Sraffians—testifies to the importance ofhis ideas. Lachmann made important contributions to the defenceand development of the modern Austrian school of economicthought. Few economists have rivalled his willingness to confrontproblems that appear to fall outside the grasp of the conventionaltools of the discipline. His methodological insights in the area ofradical subjectivism are particularly important and are the focus ofthis collection.The contributions in this volume explore, from a variety ofperspectives, the methodological issues raised by Lachmann’s work.Leading scholars discuss such issues as:• the connection of Lachmanns ideas to those of Max Weber• the critique of equilibrium analysis• the implications of radical subjectivism for policy activism• the philosophical foundations of radical subjectivismSubjectivism and Economic Analysis is a fitting tribute to a groundbreakingeconomist and makes a major contribution to animportant field of research.Roger Koppl is a Professor of Economics and Finance at FairleighDickinson University, New Jersey, USA. He has published widely inthe fields of political economy and economic history. Gary Mongioviis an Associate Professor of Economics at St John’s University, NewYork, USA and co-editor of The Review of Political Economy.