I will just note that some commentator on the first post accuses Lachmann of having “sympathies towards Keynesian economics” (shock!, horror!). I, however, seriously doubt that. Lachmann placed a strong emphasis on subjective expectations and uncertainty in economics, as Post Keynesians do, and appreciated some of Keynes’s work where these ideas are expressed. That doesn’t necessarily mean Lachmann had “sympathies towards Keynesian economics” at all. Walter Block says this of Lachmann:
“I remember fondly Ludwig saying to me in his heavy accent: ‘Ve must smash zem!’ And he was talking about non Austrians. Inspirational.”I.e., Lachmann was just as hostile to other economic schools as any Rothbardian.
Walter Block, Comment at ThinkMarkets @November 27, 2009 at 10:21 pm