Q. Writing Assignment #1
You may choose either topic. Please type a 2-3 page response and email it to me by Friday at midnight.
A) Pick a policy issue which illustrates bootleggers and Baptists story. Who is who? What enables persistence of relationship? You may find this podcast helpful in understanding concepts and providing examples.
B) Reviewing Hayek's Use of Knowledge in Society: What is role of prices in a market economy? How might a price control in market for gasoline impact or markets? What gets lost?