The 5th International 'Vernon Smith Prize' 2012 for the advancement of Austrian Economics
sponsored and organized by ECAEF - European Center of Austrian Economics Foundation, Vaduz (Principality of Liechtenstein).
"A Government which robs Peter to pay Paul can always depend on the support of Paul."
George Bernhard Shaw
Why should a democratic majority, only because it is the majority be entitled to apply to a minority a rule which does not apply to itself? Although, income redistribution occurs in some form in most of today’s democratic countries, it seems that this practice is an infringement on the fundamental principle on which the justification of democracy rests. The topic is critically important and requires sound thinking.
We invite papers on this topic who meet the following requirements:
1: Entries may submitted by individuals of up to 30 years (2012)
2: Entries may not exceed 12 pgs.; 1.5 space; including a full bibliography and a 1 page summary; left/right margins no less then 1 inch
3: Entries must be submitted in English in electronic form (pdf) to email@example.com and must include a current CV
4: Entries must be received on or before November 30, 2012.
5: It is required that all prize winners participate in the award ceremony in Vaduz.
Prizes are not transferable and will be awarded on the basis of originality, grasp of subject, and the logical consistence of the argument. Essays will be judged by an international jury and the winners will be invited to present their papers at a special event in Vaduz, the Principality of Liechtenstein on January 28, 2013.
--- First Prize EUR 4,000 ---
--- Second Prize EUR 3,000 ---
--- Third Prize EUR 2,000 ---
Deadline for submission: November 30, 2012.
PDF Download: http://ecaef.org/Vernon_Smith_Prize/Vernon_Smith_Prize_2011.pdf
Vernon Smith Prize online: http://ecaef.org/index.php?catID=341&navID=341&GOTO=1
Kurt R. Leube
ECAEF - European Center of Austrian Economics Foundation, Vaduz (Liechtenstein)