The Charles Street Symposium is an annual forum for the world’s leading young economists. Our aim is to bring together the best and brightest economics scholars to address issues of relevance to public policy that are inadequately addressed and understood in existing economic research.
2013 Charles Street Symposium: What would Hayek say today (really)?
Symposium and Essay Contest; Top Prizes
12-13 December 2013, London
The ideas of Friedrich August von Hayek have left a significant footprint on economic thought and policy debates of the last century. But do his ideas still matter? In the wake of the 2008 financial crisis there has been a resurgence of interest in Hayek’s work on business cycles, but its policy lessons have been largely ignored by policymakers. Much of his other scholarly work remains largely ignored or, worse yet, misunderstood.
In the past his ideas mattered greatly. In the face of stagnating economies of the Soviet bloc and the economic malaise in the West in the 1970s, Hayek’s vision represented a stark alternative to the dominant consensus about the role of the government in the economy. The reforms of Thatcher and Reagan’s years, as well as the radical reform strategies used in post-communist transitions were influenced by Hayek, and are generally seen as successful in restoring life to previously moribund economies.
But what would he and the wider ‘Austrian School’ of economics say about the modern challenges facing the globalised world economy? Would he have been in favour of austerity policies to reduce deficit and also the size of government? Did Hayek’s support of non-price distorting redistribution and mandate policies mean that he would have endorsed universal health care? How would Hayek have seen China’s investment boom: as an example of unsustainable malinvestment or healthy economic activity? What would he think of economic reforms in India and other parts of the emerging world?
The 2013 Charles Street Symposium, hosted by the Legatum Institute, will explore such questions to better understand the relevance of Hayekian economic and social thought for the 21st century.
Following the success of last year’s inaugural Charles Street Symposium, this year again we will bring together a group of young scholars from economics and related disciplines. The aim is to discuss issues of relevance to public policy that are inadequately addressed and understood in existing economic research.
The day’s programme will include keynotes by distinguished senior scholars, lively discussions, and plenty of time for informal interaction among all scholars. It is our aim to challenge, inspire, and provoke every participant to think clearly about the biggest economic issues of our day and to provide an effective platform to foster connections between young thinkers who might not have otherwise an opportunity to meet each other.
Announcement of Winners
After receiving a large number of high-quality submission for the 2013 Charles Street Symposium, the selection committee is pleased to announce the top three essays, as follows.
|1st Place |
|Zachary Caceres |
Affiliation: The Start-up Cities Institute (Universidad Francisco Marroquin)
Essay Title: “The Problem of Possibility: Competitive Governance as a Discovery Procedure”
|2nd Place |
|Helen Dale |
Affiliation – MBM Commerical LLP
Essay Title: “Hayek and the Wicked Problem or, when welfare is necessary”
|3rd Place |
|Gabriel Heller Sahlgren |
Affiliation - Centre for Market Reform of Education / Institute of Economic Affairs / Research Institute of Industrial Economics in Stockholm
Essay Title: “Hayek on Education: Designing Markets for Spontaneous Orders”
We would also like to include two honourable mentions, of papers which were considered for the top three for their high quality and unique scholarly pursuit in answering thought-provoking economic questions. They are as follows:
- Adam Martin (King’s College London), essay title “Abolition as a Positive Program: A Hayekian Perspective on Intellectual Prosperity”
- Marta Podemska (Beloit College), essay title “One the Use of Knowledge in the U.S. Health Care System”
Terms and Conditions
All competition entries are processed via the online application form. Each entrant may submit one written piece, which will be used to consider the candidates participation at the Charles Street Symposium.
To participate at the 2013 Charles Street Symposium, applicants are required to write a short essay on the relevance – or irrelevance – of Hayek’s thought for today. As well as the opportunity to attend the 2013 Symposium, the Legatum Institute is offering cash prizes to the 1st, 2nd and 3rd winners.
The essay contest – and therefore the Charles Street Symposium – is open to all individual 35 years old or younger. Entrants should write a 1,500-word (maximum) essay. Submissions will be judged on their originality and rigour with which they tie Hayek’s work to contemporary policy dilemmas. We encourage careful scholarship and reading of the original texts as opposed to mere ideological proselytizing
Essays are due on 14 October 2013 (previously 7 October) and the winners will be announced on 4 November 2013.
Cash prizes of 2,000 GBP, 800 GBP and 500 GBP will be given to the top three essays. In addition, a selection of the best entrants will be invited to participate at this year’s Charles Street Symposium, which will take place in London, in December, 2013. An edited volume of essays from the Symposium will be later published by the Legatum Institute.
The Legatum Institute reserves the right to extend the entry, shortlist and announcement of winners deadlines at its discretion.
A limited number of travel grants will be available, and will be reviewed on a case by case basis.
Payment of prizes will be made via BACS / electronic transfer. If the winner(s) is under 18 years old, the Legatum Institute may be required to consult with the winning entrant's parent(s) or guardian(s) before prize money can be awarded.
Entrants acknowledge the right of the Legatum Institute to use their work for online and print publication. The Legatum Institute will only reserve this right for shortlisted submissions. The entrant retains all rights to their written work. If selected, the entrant will need to grant the Legatum Institute exclusive rights to reproduce the work for both the online and print-based publication for a period of 12 months (from the date of publication). The entrant will be asked to complete and sign a separate form transferring rights of the their written work to the Legatum Institute for a 12 month period. During this time, the written work may not be produced elsewhere. Written work must be the entrant's own work.
About the 2012 Charles Street Symposium
| ||2012 Charles Street Symposium |
The inaugural Charles Street Symposium focussed on issues of economic risk and uncertainty. The Symposium brought together an outstanding group of young scholars, who were joined by a selection of leading senior economists as keynote speakers and mentors: Tyler Cowen (George Mason University), Randall Kroszner (University Of Chicago) and Peter Lewin (University Of Texas).
More information available here.