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Investing Quote by Ludwig Lachmann

“The Austrian theory rests fundamentally upon the non-reversibility of the investment operation. Once "free capital" has been converted into buildings and machinery, any failure of events to conform to expectations will upset everything.” quote by Ludwig Lachmann
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““The Austrian theory rests fundamentally upon the non-reversibility of the investment operation. Once "free capital" has been converted into buildings and machinery, any failure of events to conform to expectations will upset everything.””

Ludwig Lachmann

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