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Ludwig Lachmann (1906 - 1990) an Austrian
economist who was an important contributor to the
Austrian School.

Ludwig Lachmann was a student at the London School
of Economics in the 1930s where he first became
interested in the Austrian School. He later taught
in Witwatersrand University in South Africa.

He grew to believe that the Austrian School had
deviated from Carl Menger's original vision of an
entirely subjective economics. To Lachmann,
Austrian Theory was to be characterized as an
evolutionary, or "genetic-causal", approach
against the stresses of equilibrium and perfect
found in mainstream Neoclassical economics. 

Lachmann's "fundamentalist Austrianism" was
rare—few living Austrian economists saw
their work as departing from the mainstream. His
work stressed all the points he saw as distinctive
from that mainstream: Economic subjectivism,
uncertainty, the business cycle, methodological
individualism, alternative cost and "market
process". 

His work was highly influential upon the later
"American branch" of the Austrian School. 

==External links==
*http://www.mises.org/Lachmann.asp Biography from
the Mises Institute
*http://cepa.newschool.edu/het/profiles/lachmann.h
tm Critique on The History of Economic Thought
Website
*http://www.dmoz.org/Science/Social_Sciences/Econo
mics/Schools_of_Thought/Austrian_School/People/Lac
hmann,_Ludwig_M/ List of Links from the Open
Directory Project