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John Palmer's avatar

I used this and your book as a springboard when I gave a university lecture at the University of Regina in 2013. The title of the lecture was, “I didn’t learn a thing as an undergraduate.“

Douglas Coate's avatar

Economics can teach what system of social organization enables us to live better together (Boettke). The answer is capitalism and the market price system. Unfortunately, our textbooks and curriculum are almost pro socialist; a wise central planner can adjust taxes, regulations, and subsidies to achieve optimal output and to maximize social welfare. The fact that it is impossible for a central planner to have this information is rarely mentioned.

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