The Intercollegiate Studies Institute has announced the topic for its annual Undergraduate Essay Contest: “What Drives American Prosperity: Crony Capitalism or Free Markets?” with a grand prize of $5,000 and prizes of $3,000 and $1,000 to the runners-up.
“Every single great idea that has marked the twenty-first century, the twentieth century, and the nineteenth century has required government vision and government incentive.”
– Vice President Joe Biden
“Big-government economics breeds crony capitalism. It’s corrupt, anything but neutral, and a barrier to broad participation in prosperity.”
– Congressman Paul Ryan
In addition, undergraduates can REGISTER for the ISI Essay Contest at essaycontest.ISI.org and receive a free copy of Luigi Zingales’ A Capitalism for the People!
From the Intercollegiate Studies Institute:
In his acclaimed book, A Capitalism for the People, the economist Luigi Zingales warns that the U.S. economy risks deteriorating into a crony-capitalist system—pro-business rather than pro-market, and run by corrupt politicians who are more concerned with lining the pockets of the connected elite than with improving opportunity for the people. If this arrangement persists, can true capitalism ever gain the popular support it needs to survive?
That is the subject of this year’s ISI undergraduate essay contest. Students are asked to prepare a 1000-word essay responding to this topic by engaging the arguments made in A Capitalism for the People. $9,000 in cash prizes will be awarded. Students can register for the contest and obtain a FREE copy of A Capitalism for the People (a $28.00 value!) by filling out and submitting the form on the right.
Complete contest details are available at essaycontest.isi.org.