An Austrian Radical Subjectivist Blog

A quick post. Here is an Austrian blog identifying with the radical subjectivist tradition of Ludwig Lachmann I have just seen:

The Radical Subjectivist.

It is worth a read.

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.”

Walter Block, Comment at ThinkMarkets @November 27, 2009 at 10:21 pm
http://thinkmarkets.wordpress.com/2009/11/23/what-is-austrian-economics/#comment-3666

I.e., Lachmann was just as hostile to other economic schools as any Rothbardian.