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Ludwig Lachmann
Ludwig Maurits Lachmann (; ; 1 February 1906 – 17 December 1990) was a German economist who was a theorist and important contributor to the Austrian School of Economics. Lachmann himself, Israel Kirzner, and Murray Rothbard were the three primary catalysts of the Austrian 'revival', beginning in 1974. He wrote on economic theory, history, and methodology, as well as on the application of Hermeneutics to economic thought, in order to interpret economic phenomena Life Early life Ludwig Lachmann was born in Berlin, Germany on 1 February 1906 into a Jewish middle-class family. His father was a metal manufacturer, and his mother came from an intellectual background and had a strong influence on young Ludwig. His mother's brother, a bank official, also had a strong influence upon his nephew's early intellectual development. Ludwig was an only child, and initially was educated by his mother, but was later enrolled in . His childhood years are generally described as happy, which wou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Austrian School
The Austrian School is a heterodox school of economic thought that advocates strict adherence to methodological individualism, the concept that social phenomena result exclusively from the motivations and actions of individuals. Austrian school theorists hold that economic theory should be exclusively derived from basic principles of human action.Ludwig von Mises. Human Action, p. 11, "Purposeful Action and Animal Reaction". Referenced 2011-11-23. The Austrian School originated in late-19th- and early-20th-century Vienna with the work of Carl Menger, Eugen von Böhm-Bawerk, Friedrich von Wieser, and others. It was methodologically opposed to the Historical School (based in Germany), in a dispute known as ''Methodenstreit'', or methodology struggle. Current-day economists working in this tradition are located in many different countries, but their work is still referred to as Austrian economics. Among the theoretical contributions of the early years of the Austrian School are the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Murray Rothbard
Murray Newton Rothbard (; March 2, 1926 – January 7, 1995) was an American economist of the Austrian School, economic historian, political theorist, and activist. Rothbard was a central figure in the 20th-century American libertarian movement and a founder and leading theoretician of anarcho-capitalism. He wrote over twenty books on political theory, history, economics, and other subjects. Rothbard argued that all services provided by the "monopoly system of the corporate state" could be provided more efficiently by the private sector and wrote that the state is "the organization of robbery systematized and writ large". He called fractional-reserve banking a form of fraud and opposed central banking. He categorically opposed all military, political, and economic interventionism in the affairs of other nations. According to his protégé Hans-Hermann Hoppe, " ere would be no anarcho-capitalist movement to speak of without Rothbard". Libertarian economist Jeffrey Her ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neoclassical Economics
Neoclassical economics is an approach to economics in which the production, consumption and valuation (pricing) of goods and services are observed as driven by the supply and demand model. According to this line of thought, the value of a good or service is determined through a hypothetical maximization of utility by income-constrained individuals and of profits by firms facing production costs and employing available information and factors of production. This approach has often been justified by appealing to rational choice theory, a theory that has come under considerable question in recent years. Neoclassical economics historically dominated macroeconomics and, together with Keynesian economics, formed the neoclassical synthesis which dominated mainstream economics as "neo-Keynesian economics" from the 1950s to the 1970s.Clark, B. (1998). ''Principles of political economy: A comparative approach''. Westport, Connecticut: Praeger. Nadeau, R. L. (2003). ''The Wealth of Na ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York University
New York University (NYU) is a private research university in New York City. Chartered in 1831 by the New York State Legislature, NYU was founded by a group of New Yorkers led by then-Secretary of the Treasury Albert Gallatin. In 1832, the non-denominational all-male institution began its first classes near City Hall based on a curriculum focused on a secular education. The university moved in 1833 and has maintained its main campus in Greenwich Village surrounding Washington Square Park. Since then, the university has added an engineering school in Brooklyn's MetroTech Center and graduate schools throughout Manhattan. NYU has become the largest private university in the United States by enrollment, with a total of 51,848 enrolled students, including 26,733 undergraduate students and 25,115 graduate students, in 2019. NYU also receives the most applications of any private institution in the United States and admission is considered highly selective. NYU is organized int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Royalton, Vermont
South Royalton is an unincorporated village and census-designated place (CDP) in the town of Royalton, Windsor County, Vermont, United States. With a population at the 2010 census of 694, South Royalton is the largest community in the town. It is home to the Vermont Law School. The central portion of the village is a historic district, listed on the National Register of Historic Places as the South Royalton Historic District. The Joseph Smith Birthplace Memorial is located approximately two miles to the east. South Royalton is the town pictured in the opening credits of the WB television show ''Gilmore Girls''. Geography South Royalton is located in northern Windsor County along the White River. Vermont Route 14 runs along the north side of the river, just outside the CDP limits, leading southeast to White River Junction and northwest to Barre. Vermont Route 110 leads north from South Royalton into Tunbridge. Interstate 89 passes to the west of the village but does not serve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Society Of South Africa
Economic Society of South Africa (ESSA), established in 1925 is a "discussion forum" for South African economists in academic life, government and business. It is currently chaired by Prof. Heinrich Bohlmann for the 2021-2023 term. The Society has large and diverse membership. Over the years members have played a major role in applying economic thinking to and analysing South African economic issuesbr> Distinguished members of the Society have included Cabinet Ministers, Governors of the South African Reserve Bank, Chief Executives of Companies, Directors-General of Government Departments, and internationally acclaimed academics. ESSA publishes the ''South African Journal of Economics'', established in 1933, which is one of the leading international regional journals. The journal covers the discipline in general, including methodology and economic history and, in more recent times, econometrics. Its editorial organisation has recently been extended to allow for a more effectiv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of The Witwatersrand
The University of the Witwatersrand, Johannesburg (), is a multi-campus South African Public university, public research university situated in the northern areas of central Johannesburg. It is more commonly known as Wits University or Wits ( or ). The university has its roots in the mining industry, as do Johannesburg and the Witwatersrand in general. Founded in 1896 as the South African School of Mines in Kimberley, South Africa, Kimberley, it is the third oldest South African university in continuous operation. The university has an enrolment of 40,259 students as of 2018, of which approximately 20 percent live on campus in the university's 17 residences. 63 percent of the university's total enrolment is for Undergraduate education, undergraduate study, with 35 percent being Postgraduate education, postgraduate and the remaining 2 percent being Occasional Students. The 2017 Academic Ranking of World Universities (ARWU) places Wits University, with its overall score, as the h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Johannesburg, South Africa
Johannesburg ( , , ; Zulu and xh, eGoli ), colloquially known as Jozi, Joburg, or "The City of Gold", is the largest city in South Africa, classified as a megacity, and is one of the 100 largest urban areas in the world. According to Demographia, the Johannesburg–Pretoria urban area (combined because of strong transport links that make commuting feasible) is the 26th-largest in the world in terms of population, with 14,167,000 inhabitants. It is the provincial capital and largest city of Gauteng, which is the wealthiest province in South Africa. Johannesburg is the seat of the Constitutional Court, the highest court in South Africa. Most of the major South African companies and banks have their head offices in Johannesburg. The city is located in the mineral-rich Witwatersrand range of hills and is the centre of large-scale gold and diamond trade. The city was established in 1886 following the discovery of gold on what had been a farm. Due to the extremely large gold de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Hull
The University of Hull is a public research university in Kingston upon Hull, a city in the East Riding of Yorkshire, England. It was founded in 1927 as University College Hull. The main university campus is located in Hull and is home to the Hull York Medical School, a joint initiative with the University of York. Students are served by Hull University Union. The first chancellor of the university was Michael Willoughby, 11th Baron Middleton, Lord Middleton (1954–1969), followed by Henry Cohen, 1st Baron Cohen of Birkenhead, Lord Cohen (1970–1977), Richard Wilberforce, Baron Wilberforce, Lord Wilberforce (1978–1994), and Robert Armstrong, Baron Armstrong of Ilminster, Lord Armstrong (1994–2006). Virginia Bottomley (Baroness Bottomley of Nettlestone) was installed as the current chancellor in April 2006. History University College The foundation stone of University College Hull, then an external college of the University of London, was laid in 1927 by Prince Albert, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Invasion Of Poland
The invasion of Poland (1 September – 6 October 1939) was a joint attack on the Republic of Poland by Nazi Germany and the Soviet Union which marked the beginning of World War II. The German invasion began on 1 September 1939, one week after the signing of the Molotov–Ribbentrop Pact between Germany and the Soviet Union, and one day after the Supreme Soviet of the Soviet Union had approved the pact. The Soviets invaded Poland on 17 September. The campaign ended on 6 October with Germany and the Soviet Union dividing and annexing the whole of Poland under the terms of the German–Soviet Frontier Treaty. The invasion is also known in Poland as the September campaign ( pl, kampania wrześniowa) or 1939 defensive war ( pl, wojna obronna 1939 roku, links=no) and known in Germany as the Poland campaign (german: Überfall auf Polen, Polenfeldzug). German forces invaded Poland from the north, south, and west the morning after the Gleiwitz incident. Slovak military forces ad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frank Knight
Frank Hyneman Knight (November 7, 1885 – April 15, 1972) was an American economist who spent most of his career at the University of Chicago, where he became one of the founders of the Chicago School. Nobel laureates Milton Friedman, George Stigler and James M. Buchanan were all students of Knight at Chicago. Ronald Coase said that Knight, without teaching him, was a major influence on his thinking. F.A. Hayek considered Knight to be one of the major figures in preserving and promoting classical liberal thought in the twentieth century. Paul Samuelson named Knight (along with Harry Gunnison Brown, Allyn Abbott Young, Henry Ludwell Moore, Wesley Clair Mitchell, Jacob Viner, and Henry Schultz) as one of the several "American saints in economics" born after 1860. Life and career Knight ( BA, Milligan College, 1911; BS and AM, Tennessee, 1913; PhD, Cornell, 1916) was born in 1885 in McLean County, Illinois, the son of Julia Ann (Hyneman) and Winton Cyrus Knight. After his earl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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