". . . for almost a century the basic principles on which this civilization was built have been falling into increasing disregard and oblivion." -- Hayek
Wednesday, June 22, 2005
Economy in Heaven
I spent last week at a seminar, Liberty and Society, put on by the The IHS. When I told the economics professor I wanted to earn a PhD in economics, likely from George Mason he asked the following question:
If heaven had an economy what would it look like?
He said the question came from his microeconomics prelim exam at George Mason. What do you think the answer is?
If you're intersted in more prelim questions you can see them here.