Category Archives: coordination problem
From Don Boudreaux. Teachers in particular will want to steal Bourdreaux eye opening thought experiment.
My interest in public policy and political philosophy was rather casual before I joined the faculty of the University of Chicago. Informal discussions with colleagues and friends stimulated a greater interest, which was reinforced by Friedrich Hayek’s powerful book _The Road to Serfdom_, by my attendance at the first meeting of the Mont Pelerin Society in 1947, and by discussions with Hayek after he joined the university faculty in 1950. — Milton Friedman