Prof. Dr. Ludwig Moritz Lachmann

https://en.wikipedia.org/wiki/Ludwig_Lachmann

Prof. Lachmann earned his Ph.D. from the University of Berlin, where he was enrolled as a graduate student from 1924 to 1933. He first became interested in Austrian economics while spending the summer of 1926 at the University of Zurich.[2] He graduated in 1930, and spent a few years to teach at the University.[3] When Adolf Hitler rose to power in 1933, Lachmann moved to England. At the London School of Economics he was a student and later colleague of Friedrich Hayek, who held the prestigious Tooke Chair and looked for "allies in his battle against fashionable Keynesian theories". He deepened his interest in the Austrian School, and was one of the few who chose Hayek's side.[3]

In 1948, Lachmann moved to Johannesburg, South Africa, where he accepted a professorship at the University of the Witwatersrand. He remained there until retiring in 1972. His student Peter Lewin described his influence in South Africa as "quiet, limited and subdued", quite in contrast to his New York years.[2] He served as president of the Economic Society of South Africa from 1961 to 1963

Ludwig Lachmann 1906 - 1990

Economist

The task of the economist is...to make human action intelligible Revitalised the Austrian School of economics Ludwig Lachmann was born in Berlin, Germany. He was a graduate student at the University of Berlin from 1924 to 1933 and was awarded his PhD there. A semester spent at the University of Zurich in 1926 sparked his interest in 'Austrian School' economics and more specifically the work of Carl Menger. Lachmann fled Germany in 1933 following Hitler’s rise to power and settled in England where he became a student of future Nobel prize-winner Friedrich Hayek at the London School of Economics (LSE). Lachmann supported Hayek in his battle against Keynesian theories. Lachmann moved to Johannesburg, South Africa, in 1948 and became a professor at the University of Witwatersrand. He retired in 1972, but from 1974 spent a semester of each year collaborating with Israel Kirzner at New York University to bring new life to Austrian School theory. Lachmann’s greatest contribution to the theory was in trying to emphasise that individual interpretation played a crucial role in economic value. In 2016, Lachmann’s wife established a research fund at the LSE in his memory.