Thursday, March 18, 2010
The Volokh Conspiracy � Blog Archive � Does Hayek Belong in High School Economics Classes?: "Josh and Easterly correctly emphasize that Hayek’s work focuses on broad issues that are of special important to students in an intro course. He wrote about the fundamental tradeoff between the market and government planning, and about the ways in which markets outperform government in conveying and using information. His classic article “The Use of Knowledge in Society” is arguably the most important on this fundamental question, and is readily accessible to nonexperts."