Wouldn't the students rationally expect what their teachers would tell
them without going to class. So why couldn't they just sell the diploma
and be done with the university?
On Thu, Feb 22, 2001 at 10:10:26AM -0800, Jim Devine wrote:
> It turns out there's a Mises University, in Auburn Alabama (see
> http://www.mises.org/). Like Doug, they question the "newness" of the U.S.
> new economy. In the spirit of von Mises, I'd bet that the university is
> totally unplanned, since the professors have much more information than
any
> central planner could. Further, I bet they use the market to assign
> grades... After all, who could be a better judge of what grade a student
> deserves than the student him or herself?
>
> Jim Devine jdevine@xxxxxxx & http://bellarmine.lmu.edu/~jdevine
>
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx