Understanding Ludwig Lachmann's Economics

1. Introduction; 2. Radical subjectivism, the consequences of active minds and the problem of Kaledic nihilism; 3. Markets as adjustment processes for reconciling plans, the challenge of plan adjustment outside a market and the role of institutions; 4. The similarities and differences between Lachmann and Kirzner on equilibrium; 5. The self-similar structure of social systems, the notion of orientation, the centrality of the plan, and the theory of institutions (again); 6. Lachmann's Enduring Influence; References.