The Vaduz-based Think Tank European Center of Austrian Economics Foundation (ECAEF) organizes for the third time the Vernon-Smitz Prize Essay Contest. Young students (age limit 30 years) are invited to submit their contributions until 12/31/2010.
Essays should first identify central problems regarding general government and the economic system, and should then develop creative solution drafts to the outlined issues. For further information about the submission process and the formal requirements, please follow this link.The three competition winning essays are rewarded a EUR 4000, EUR 3000 and EUR 2000 prize respectively. Moreover, the three winning authors are invited to present their papers in an award ceremony in Vaduz in the first quarter of 2011.
Vernon Lomax Smith (born January 1, 1927) is professor of economics at Chapman University's Argyros School of Business and Economics and School of Law in Orange, California, a research scholar at George Mason University Interdisciplinary Center for Economic Science, and a Fellow of the Mercatus Center, all in Arlington, Virginia. Smith shared the 2002 Nobel Memorial Prize in Economic Sciences with Daniel Kahneman. He is the founder and president of the International Foundation for Research in Experimental Economics and an Adjunct Scholar of the Cato Institute in Washington D.C..