Question from Past Microeconomics Qualifying ExamEdit

Fall 2005 - Section II, Question four, George Mason University

In “The Use of Knowledge in Society” and “I, Pencil, “ Hayek and Read talk about the role of prices in inducing strangers to cooperate without communicating and without a central coordinator. Explain in detail the role of prices in sustaining this cooperation.


Other QuestionsEdit

Ad blocker interference detected!

Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.