12/28/13

Link about hobo coins, which we have seen in a museum, links may have to wait for bandwidth

Einstein, Hayak, quiz

Thika

Mass

Library

Individual reading

Quiz 12/28/13

1.  Proverbs 17:5 says that “To mock the poor is to insult his c____________”.

2.  Einstein says massive objects curve s_________ and t__________.

3.  What shape are the orbits of the planets around our sun?

4.  Draw a picture of how the orbit of Mercury will change over centuries based on Einstein’s predictions.

5.  Hayak argues against the idea that technology makes m__________ inevitable (can’t be avoided).

6.  He claims that the idea that central planning becomes necessary as an economy gets more complicated is widely believed to be a fact, when it is an opinion – and one that Hayak disagrees with.

Why does he think people generally accept it as a fact?

7.  Hayak says that people don’t want an economy that is all centrally planned, but they think you can have some central planning and some free competition.  What does he think comes of this way of thinking, which sounds very reasonable?  Why?

8.  Does Hayak believe nations should follow a laissez-faire economic style?  Why or why not?

Extra Credit

1.  Why was Mussolini’s Italy well suited to the idea of central planning?  Be specific.

2.  We’ve read about a fifth of “The Road to Serfdom” so far.  Tell me where you think Hayak may be right and where you think he may be wrong.  Be complete and give examples where possible.  One point for each agreement, each disagreement, and each accurate example.