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This course will examine the important role that markets play in allocating scarce resources. Special emphasis will be given to the ability of markets to convey important information that allows disparate individuals to coordinate their economic activities. This course will also contrast the market with government command-and-control policies for resource allocation. The work of both Hayek and Mises will provide the foundation for this course.
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This course will examine the important role that markets play in allocating scarce resources. Special emphasis will be given to the ability of markets to convey important information that allows disparate individuals to coordinate their economic activities. This course will also contrast the market with government command-and-control policies for resource allocation. The work of both Hayek and Mises will provide the foundation for this course.