Format: Black font; 12-point font; double-spaced. Place your full name atthe top of the first page or on a cover sheet.
Each answer should be approximately 200-300 words. The entire midtermshould be 800-1200 words.
For help understanding what I mean by “meaning and significance,” seethe slide on this subject that I have shown in class and posted on thecourse website in the same module that contains the syllabus.
Each answer should include:
1.Reference (of course) to the author most associated with conceptor term;
2.At least one reference, with a citation, to another assigned author,for the purpose of contrast and/or comparison
3.Total of three to five correct citations to the relevant assignedreading(s), with specific page numbers; citations can be appended toquotations or paraphrasing;
Citations, Reference List Forma
1.Use the author-date system, with page numbers, as described hereon this webpage:https://research.wou.edu/c.php?g=551307&p=3784519
2.Include a reference list at the end of the midterm, using the samemodel linked above.
Questions
1. Explain the meaning and significance of “fictitiouscommodity.”
2. Explain the meaning and significance of “noxiousmarkets.”
Notes :
– Satz-Some-Things-Intro-Noxious-Markets.pdf- Hayek-Market-Order-or-Catallaxy.pdf
3. Explain the meaning and significance of the "firm.”
Notes:
– Coase-Nature-Firm.pdf
4. Explain the meaning and significance of “spatialmismatch”
Notes:https://www.epi.org/blog/corporate-profits-have-contributed-disproportionately-to-inflation-how-should-policymakers-respond/
https://www.latimes.com/california/story/2022-10-19/los-angeles-history-overcrowding-united-states
BOOK:https://www.gutenberg.org/files/3300/3300-h/3300-h.htm
