In the article entitled “The Economic Organization of a P.O.W. Camp”, R.A. Radford describes his experiences as a prisoner of war during World War II. As a prisoner of war, he saw first hand how market structure from the outside had influenced the P.O.W. camp. In the beginning of the camp, prisoners would barter amongst themselves. Then the camp’s economic system moved towards an Exchange and Mart board, and …showed first 75 words of 1423 total…

…showed last 75 words of 1423 total…P.O.W. prisoners did not have to work to get their supplies. Therefore, the P.O.W.s could utilize every waking moment to implement their economic needs and goals, thus making the economy exceeding efficient. Obviously, in the “real” world people need to work in order to get their supplies (i.e., cash or income) and can not give as much thought to how they can make the economy more efficient! . ------------------------------------------------------------------------ **Bibliography**