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Each summer Sixth Form Canfordians are encouraged to stretch their minds by entering top flight national and international intellectual essay competitions on a topic which particularly interests them. Our talented pupils have an impressive track record of success and this year is proving no exception. Following on from Upper Sixth pupil Charlie’s commendation in the John Locke Essay Competition, we are thrilled for fellow Sixth Former Oscar whose essay entitled “Inflation is always and everywhere a monetary phenomenon” (Milton Friedman). How useful is Friedman’s argument for understanding the current inflationary pressures?” has been rated in the top 10 among all entries in this year’s Dorian Fisher Memorial Prize organised by the Institute of Economic Affairs (IEA).
The essay was awarded an honourable mention and an invitation to an awards lunch at the IEA in London on Wednesday 26th October.
The IEA is described as the UK's original free-market think-tank, with a mission to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of the markets in solving economic and social problems. The essay competition is named after Dorian Fisher, the wife of IEA founder Sir Antony Fisher, who was a long-time supporter of the Institute and its work.
Oscar takes up the story:
Before the start of summer, I was searching for economics essay competitions to enter to get a taste of the subject beyond the A-level curriculum. I found the IEA essay competition particularly appealing because the titles included the opportunity to include knowledge I had acquired whilst reading around the subject. The competition is split into 3 pieces: one 1,200-word and two 500-word essays. The first had a direct reference to Milton Friedman, one of whose books I had already read. The second was vaguer and allowed me to reference Keynes' 'A Treatise on Money', which I had just finished. What a coincidence! When I sent the essays off at the end of July, I was not particularly happy with my submission as I felt the word count restricted my ability to be accurate and comprehensive. So when I received the news I had been selected, I was surprised but it certainly instilled some confidence in my abilities as I submit my applications to Cambridge University and LSE to read Economics. I am looking forward to the lunch in London and the opportunity to meet both the judges and fellow award winners.
You can read Oscar's essay on the Canford blog here: Canford Blog
To find out more about the work of the IEA, please visit https://iea.org.uk/