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Vernon Smith Prize 2019 – Call for Papers

Vernon Smith Prize 2019
12th International Vernon Smith Prize 2019 – Call for Papers

The 12th International Vernon Smith Prize for the advancement of Austrian Economics is an essay competition sponsored and organized by ECAEF – European Center of Austrian Economics Foundation, Vaduz (Principality of Liechtenstein). We are calling for papers! This years’ topic:

When the People fear their Government,
there is Tyranny.
When the Government fears the People,
there is Liberty

A democratic government derives its authority from the consent of the governed and is loosely defined as a set of institutions through which we adjudicate our disputes, defend our rights and protect honestly acquired property. Under the rule of liberty the government is assigned the duty of impartial umpire, and each individual gives reason, intent and moral scope to his own life. As long as a person does not violate the rights of others he is sovereign over his own affairs. Tyranny on the contrary, is characterized as a government that is an active player in people’s affairs. From a dictatorship to the benevolent welfare state all shapes of despotism wield their political authority and legitimized power of coercion to assure certain outcomes or forms of behavior considered desirable to determine how the members of the society may live, work, and associate with each other. Thus, the challenge in a democratic society is to keep government constrained and limited so that individuals can prosper and solve problems as free, independent and responsible citizens. However, it is the character rather than the volume of government activity that is important and ought to be specified in a constitution.


1st Prize: €4,000  |  2nd Prize: €3,000  |  3rd Prize: €2,000


All entries need to meet the following requirements:

1: Entries may be submitted by individuals of up to 30 years (in 2019).

2: Entries may not exceed 12 pgs.; 1.5 space; left/right margins no less then 1 inch; including a full bibliography and a 1/2 page summary

3: Entries must be submitted in English in electronic form (pdf) to krl@ecaef.li and must include a current CV with DoB.

4: Entries must be received on or before November 18, 2019.

5. It is mandatory that all prizewinners participate in the award ceremony in Vaduz.

Prizes are not transferable and will be awarded on the basis of originality, grasp of subject, and the logical consistence of the argument. An international jury will judge the essays and the winners will be invited to present their papers at a special event in Vaduz, the Principality of Liechtenstein on February 13, 2020.

VI. Gottfried v. Haberler Conference 2020

gottfried haberler conference 2020
“By giving the government unlimited powers, the most arbitrary rule can be made legal; and in this way a democracy may set up the most complete despotism imaginable.” – Friedrich A. von Hayek (Nobel Prize 1974)

On the Morality of the State
and the State of Political Morals


Über die Hybris der Staaten und den Zustand politischer Moral


Gottfried von Haberler Conference 2020 | The 16th International Gottfried v. Haberler Conference will take place on May 29, 2020 at University of Liechtenstein in Vaduz. Conference topic: On the Morality of the State and the State of Political Morals. The event will be organized and hosted by ECAEF – European Center of Austrian Economics Foundation. The support of the University of Liechtenstein and multiple local and international sponsors is gratefully acknowledged.

By invitation only

Admission: General CHF 150/Euro 150; Students CHF 50/Euro 50

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p style=”text-align: left;”>Academic Director: Kurt R. Leube
Tel. +1 650 248 4955 and Tel. +43 676 942 8980 (krleube at gmail.com)

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p style=”text-align: left;”>Administration: Rosmarie Lutziger
Tel. +423 235 1570 (Rosmarie.Lutziger at lgt.com)

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p style=”text-align: left;”>Media Matters: Karin Brigl
Tel. +423 235 2344 (karin.brigl at lgt.com)

Conference Program will be announced soon.


Relevant literature will be offered for sale by buchausgabe.de

List of all Gottfried von Haberler Conferences since 2005