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Ludwig Lachmann

By reminding us that individuals are different and have different tastes and expectations, [Ludwig Lachmann] has reminded us not only to respect those differences in our everyday lives, but also to respect them in our scientific investigations. For it is only by acknowledging and referring to these differences that we will be able to understand how the market process really works.

– Peter Lewin, “Ludwig Lachmann (1906-1990): Life and Work” [1996]