The Sound Money Project Essay Contest is designed to promote scholarship in monetary and macro- economics. More specifically, it aims to encourage those working at the cutting edge of the discipline to consider the monetary institutions that would reduce nominal disturbances and promote economic growth.
Prompt:
In
1971, President Richard Nixon ended convertibility, thereby eliminating
the last vestiges of the gold standard. The classical gold standard,
which prevailed from 1873 to 1914, had anchored inflation expectations,
enabled longterm contracting, and promoted international trade. This
historical experience has prompted several reconsiderations of
resumption over the years, including the Gold Commission in 1980, the
International Financial Institution Advisory Commission of 1998, and,
more recently, calls for a Centennial Monetary Commission. What are the
merits of returning to the gold standard? Is such a system feasible
today?
Prizes:
First Prize $10,000
Second Prize $2,000
Third Prize $1,000
Winners will also be invited to participate in the Sound Money Project annual meeting in Great Barrington, Massachusetts.
Eligibility:
The
contest is open to graduate students, post-graduates, untenured
professors, and tenured professors from any discipline. Former winners
and current AIER fellows are ineligible. Former entrants are eligible,
but must submit new essays.
Rules:
Essays
must be the sole and original work of the entrant and not previously
published. They should be in the format of a scholarly article. Any
standard citation format (e.g., MLA, APA, Chicago, Harvard, etc.) is
acceptable. Essays may either be written specifically for the contest or
arise from previous work (e.g., term papers, dissertations, research
projects, etc.). Essays shorter than 4,000 words or longer than 12,000
words will not be considered. AIER-affiliated scholars are ineligible.
Submission Instructions:
Please submit your paper here.
Deadline: March 1, 2019
