A paper by an Elementary Education major at Central Methodist University on the topic of capitalism and free markets has been selected to receive the 2017 Bates Prize.
Blakely Fuemmeler, a CMU junior from Glasgow, submitted the scholarly work entitled “Revising Poverty by ‘Simple’ Economic Concepts.” Three CMU faculty members read all submissions and selected the winner, which comes with a $1,000 award.
The new writing competition is sponsored by CMU alumnus Earl Bates, Class of 1961, and his wife, Sunny, of Big Fork, Mont. It was open to all current degree-seeking students attending CMU. Professor of Business and Economics John Flanders coordinated the competition.
The topic for the competition this year was: “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.”
Fuemmeler also presented the paper at CMU this past week prior to accepting the prize, and it will soon be made available for public review via the CMU website.