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.
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?Continue reading