institute of economic affairs

Student Essay Competition - Entries must be submitted by Wednesday 10th December 2003

21 October 2003

An essay contest for students aged 18 or under. £1000 for first place and three £500 winners

Demonstrate your understanding of principles of economics by answering ONE of the following questions in 1500 words or less:

*Is the concept of a 'Mixed Economy' flawed? If so, why? If not, why not?

*Can government regulation fine-tune a capitalist economy? If not, why? If so, under what circumstances?

*What is meant by 'Market Failure' and 'Government Failure'? How should we choose which of these two institutions should undertake what roles in the economy?

Entries should be submitted by email to Christine Blundell

Mailing address for postal entries is:

Christine Blundell
IEA
2,Lord North Street
London
SW1P 3LB.

Institute of Economic Affairs, 2 Lord North Street, Westminster, London, SW1P 3LB | tel: 020 7799 8900 | fax: 020 7799 2137 | email: iea@iea.org.uk

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