July 16th 2024

17. INTERNATIONAL VERNON SMITH PRIZE 2024

is an essay competition for the advancement of Austrian Economics – sponsored and organized by the European Center for Austrian Economics Foundation, Vaduz (Principality of Liechtenstein).

Is education a public or a private good? Who gains from being educadet?

All entries must meet the following 5 requirements:

  • Entries may be submitted by individuals of up to 30 years (in 2024) and must be received on or before November 17, 2024.
  • Entries may not exceed 10 pages, including a full bibliography and a 1/2 page abstract; 1.5 spacing; left/right margins no less than 1 inch.
  • No entry may be generated by ChatGPT or other AI applications. Along with their entry participants must add their signed pledge to have written the contending essay
    without any such support. Any use of an AI bot to fully or partially create the essay will be considered in breach of the academic plagiarism policy.
  • Entries must be submitted in English in electronic form (PDF) to krl@ecaef.org and/or admin@ecaef.org and must include a current CV including date of birth and their signed pledge.
  • Prizes are not transferable. An international jury will judge essays on the basis of originality, grasp of subject and the logical consistence of the argument. Winners will be
    invited to present and defend their papers at a special event in Vaduz (Principality of Liechtenstein) on February 17, 2025. Their presence is mandatory.
Short Facts
  • 1st Prize: € 4.000
  • 2nd Prize: € 3.000
  • 3rd Prize: € 2.000

more information and application

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