The Richard Koch Breakthrough £50,000 Prize In Economics


Sunday, July 29, 2018    11.12AM / Institute of Economic Affairs

Submissions close at midnight on 14 September 2018.

Last week, the Institute of Economic Affairs launched the second year of their prestigious essay competition - the Richard Koch Breakthrough Prize, which looks for market-based solutions to the most pressing problems in society.

Last year, the competition - which carries a top cash prize of £50,000 - sought entries on how to tackle poverty in thedeveloped world. We received a wealth of submissions, showcasing innovative ideasin a range of policy areas.

This time around, the IEA is looking for entries on a more specific topic - Housing - which presents perhaps the biggest domestic policy challenge of our times.

The IEA will be awarding £50,000 to the most innovative entry that answers the following question: ‘What market-based, popular policy would you recommend to alleviate the UK’s housing shortage, and to rejuvenate our property-owning democracy?

There are several other awards up for grabs too – including one for ‘highly commended’ entries - as well as a £2,500 ‘student prize’.

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IEA released a new video explaining more about the award, featuring Jacob Rees-Mogg MP, who is a member of their judging panel. Watch here, and click here for full details of the prize.     

You can also read Jacob’s write-up of the prize launch in The Telegraph, as well as the Director General Mark Littlewood in City AM, SeniorResearch Fellow Philip Boothin Conservative Home and Editorial Manager Madeline Grantfor CapX.  


Entries are invited from individuals, groups of individuals, academia and corporate bodies such as consultancy firms, law firms and think-tanks, and must be between 2000 and 3000 words. Submissions close at midnight on 14 September 2018.


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Richard Koch– who kindly supports the Prize - is a British author, speaker, investor, and a former management consultant and entrepreneur. He has written over twenty books on business and ideas, including The 80/20 Principle, about how to apply the Pareto principlein management and life.

The judging panel will be composed of Richard, Jacob Rees-Mogg, and our own Director General Mark Littlewood.

Best of luck to those taking part!


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