Vernon Smith Prize

Vernon Smith Preis 2021 | Am vergangenen Montag hat Prinz Michael in seiner Funktion als Präsident des in Vaduz ansässigen Thinktanks ECAEF drei Studierende mit dem Vernon Smith Preis ausgezeichnet. Im Vorfeld dieser 14. Ausgabe des Essay-Wettbewerbs wurden laut Mitteilung des ECAEF 49 Essays eingereicht – mehrheitlich aus Europa, Südamerika und den USA. Das Thema […]

14th International Vernon Smith Prize – Winner Announcement | An international jury did judge the essays and the three winners are now invited to present their papers at a special virtual event on 7 February, 2022. Due to Corona restrictions, the organisers did again choose the virtual option.

The Arrogation of Knowledge and its Consequences Niels Behrmann Second Prize in Vernon Smith Prize Contest 2021. Abstract In this essay, I explore the consequences of the methodologically misguided over-confidence in the human ability to gain knowledge and to design a society based on that knowledge. I will defend the hypothesis that such arrogation of […]

Economics Set Free: In Defense of Hayek David Andrew McMillan First Prize in Vernon Smith Prize Contest 2021.   Abstract Policymakers treat economics mysteries as a series of economics puzzles or optimization problems: If only we had more data, they claim, our predictions would be more accurate and evidence-based interventions would deliver greater benefits. The […]

Back in January, we announced the winners of the 13th International Vernon Smith Prize, leaving us organizers with a very uncommon problem: How to run the Awards Ceremony with strict Covid-19 restrictions in place?  The winners were not able to follow the usual invitation. They could not attend a physical event in Vaduz, Liechtenstein. Instead, […]