Clicky

Yours for FREE

My top-notch book, "Your Right To Write"

Plus:
  • FREE tips on writing, blogging, publishing and essay competitions
  • Exclusive offers and inspiration delivered directly to your inbox
Just enter your email now and I'll send the Book to you... for FREE.

2016 Friedrich A. Hayek Fellowships Essay Contest

2016 Friedrich A. Hayek Fellowships Essay Contest

The Hayek Essay Contest is open to all individuals 36 years old or younger.  Entrants should write a 5,000 word (maximum) essay. Essays are due on May 31, 2016 and the winners will be announced on July 15, 2016. The essays will be judged by an international panel of three members of the Society.

Topic

In what other areas of modern societies is competition underutilized as a discovery procedure? Can competition be beneficially introduced in other industries that are often monopolized by governments? What, if any, are the limits of competition’s ability to produce beneficial spontaneous orders?

“Competition operates as a discovery procedure not only by giving anyone who has the opportunity to exploit special circumstances the possibility to do so profitably, but also by conveying to the other parties the information that there is some such opportunity. It is by this conveying of information in coded form that the competitive efforts of the market game secure the utilization of widely dispersed knowledge”

– Hayek, F.A., 1976b. Law, Legislation and Liberty, Volume 2: The Mirage of Social Justice. Chicago: University of Chicago Press.

“Competition is “a procedure for discovering facts which, if the procedure did not exist, would remain unknown or at least would not be used”

– Hayek, F.A., 1968/2002. Competition as a discovery procedure. (Marcellus S. Snow Trans.) Quarterly Journal of Austrian Economics 5, 9-23.

“It [government provision of money] has the defects of all monopolies: one must use their product even if it is unsatisfactory, and, above all, it prevents the discovery of better methods of satisfying a need for which a monopolist has no incentive”

– Hayek. F.A., 1976a/1990. The Denationalisation of Money, Third Edition, Institute of Economic Affairs, London.

Organizer

The Mont Pelerin Society

Prizes

First prize: $2500 cash award + travel grant*

Second prize: $1500 cash award + travel grant*

Third prize: $1000 cash award + travel grant*

*Travel grant includes coach class airfare, registration fee, and most meals. Hotel, other food, and other expenses will be the responsibility of the attendee.

Deadline

May 31, 2016

Guidelines

  • Essays must be submitted in English only.
  • Entrants should write a 5,000 word (maximum) essay.
  • Electronic versions should be sent to: mps.youngscholars@ttu.edu.
  • Authors of winning essays must present their papers at the General Meeting to receive their award.

Inquiries

Please contact us at mps.youngscholars@ttu.edu with additional questions.

Announcer

This announcement is formatted using Naija Writers’ Coach Posting Format. If you republish this on your website, please provide a link to this post.website setup banner

GET FREE STUFF!
Get my awesome eBook and newsletter ... FREE

Your Right to WriteIf your dream is to be a writer and influence the world, the theoretical and practical insights the author provides have the power to convert your dream to reality.

-- Dr. Mahfouz A. Adedimeji | Fulbright scholar | Senior Lecturer, Unilorin | newspaper columnist

About Muhammed Abdullahi Tosin

Writer. Difference Maker. Entrepreneur. Author, Your Right To Write & Vertical Writing. Winner, 11 Writing Prizes.

Speak Your Mind

*