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The Bates Prize Duane Casady 1/20/2017 11:34:29 AM

The Bates Prize
Earl and Sunny Bates have provided generous funding for a $1,000 prize to recognize the best paper written on a topic relating to the role of capitalism and free markets in the world today.  
The competition will be open to any student seeking a degree from Central Methodist University who is registered for classes at Central Methodist University during Spring 2017 (either in the College of Liberal Arts and Sciences or in the College of Graduate and Extended Studies – Terms 3 and/or 4) who have completed a course covering microeconomic theory (either through CMU or transferred in from another institution).  Any student submitting a paper must be prepared to travel to campus in late April or early May to present the paper before an audience and receive the prize.
Papers must be written in Microsoft Word and submitted in that format (pdf documents will not be accepted).  Papers must be composed using 12-point Times New Roman font with standard one-inch margins using the APA style, including an abstract, a references page, and parenthetical citation.  Only papers written specifically for this competition are acceptable (they must not have been submitted as assignments in other classes).
Completed papers should be attached to an e-mail and sent to Professor John A. Flanders at no later than March 31, 2017.  All papers will be submitted to as part of the evaluation process.  A committee of Central Methodist University faculty will read the papers and select the winner.  
The topic for the paper is:
The best hope for people around the world – including those in developed nations – to escape poverty lies in property rights, the rule of law, and free markets.