Tuesday, February 10, 2009

Is the Chicago economics department really a free market school

If they are, do they believe that markets should have perfect information? And if they believe that it should have perfect information then do they believe that labor markets function best with perfect information on wages and salaries? And if they believe that then are the salaries of the professors in the economics department public knowledge? How much does Steve Levitt make? Or Gary Becker? Or Robert Lucas?

Perhaps like a lot of us they only believe that rules should apply to everyone else but them?

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