Fall 2022 Essay Contest
In Capitalism and Freedom, Milton Friedman wrote:
So long as effective freedom of exchange is maintained, the central feature of the market organization of economic activity is that it prevents one person from interfering with another in respect of most of his activities. The consumer is protected from coercion by the seller because of the presence of other sellers with whom he can deal. The seller is protected from coercion by the consumer because of other consumers to whom he can sell. The employee is protected from coercion by the employer because of other employers for whom he can work, and so on. And the market does this impersonally and without centralized authority.
Indeed, a major source of objection to a free economy is precisely that it does this task so well. It gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.
How is this argument relevant to the economic situation in the United States today?
Yale College Contest
Yale College undergraduate students should submit a response of between 1,000 and 1,200 words.
High School Contest
Current High School students should submit a response of between 700 and 800 words. Open to all students in Grades 9 to 12 who are U.S. citizens or permanent residents.
Both the Yale College and High School contests will have three winners: $1,000 (1st), $500 (2nd), and $250 (3rd). Winners will be invited to the Buckley Program’s Twelfth Annual Conference dinner banquet at the Omni New Haven Hotel on Friday, December 2, 2022, to receive their awards.
Deadline and Submission Guidelines
Please submit all entries through this form.
Deadline: All entries must be submitted by 11:59pm EST on October 23, 2022.