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Radical view of subjectivism according to L. M. Lachmann and its implications for consumer theory
 Panáčková, Eliška ; Špecián, Petr (advisor) ; Máslo, Lukáš (referee)
This Bachelor Degree Thesis is concerned with methodological approach of the radical subjectivist economist Ludwig M. Lachmann and application of his approach on consumer theory. The aim of this study is to evaluate whether is methodological approach of Lachmann compatible with the approach used in mainstream consumer theory, eventually how these approaches are different. The first part deals with the context of radical subjectivism, its pivotal points and the general differences in methodology of Lachmann and mainstream. Then I devote the work of Alfred Schutz, George L. S. Shackle and Max Weber, on the basis of which Lachmann reached the radical approach. In the practical part I apply radical subjectivism on the consumer theory and according to these result I evaluate these approaches are not compatible. Arguments of radical approach is not supported by strong evidence, and this approach is incapable of giving prediction more quality alternative of consumer theory.
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