After reading through page 20 of FA Harper's Why Wages Rise at http://mises.org/books/whywagesrise.pdf, Hayek's "The Use of Knowledge in Society," and the Porter reading (all linked to the course syllabus) (a) discuss why free-market economies are more productive and flexible than state-managed economies. (b) What is Harper's explanation for why productivity rates in free-market economies are substantially higher than in socialist economies? (c) How can intelligent management strategies as Porter defines them (in terms of cost, differentiation, focused cost, and focused differentiation) contribute to rising wages?