Created in 1974 , the Olive W. Garvey Fellowships were offered biennially from 1982 until 2007. Since 2008 the contest has been sponsored by the John Templeton Foundation and is now annual.
2007 Garvey Fellowship Winners
Essay Topic
“Is foreign aid the solution to global poverty?”A 2005 United Nations report called for a doubling of foreign aid to poor countries as the means to reduce poverty. Yet the 2006 Nobel Peace Prize was awarded to a for-profit microloan bank and its founder, an apparent vindication of the ideas of Peter T. Bauer, Henry Hazlitt, Deepak Lal, and others. As Bauer wrote, “Development aid, far from being necessary to rescue poor societies from a vicious circle of poverty, is far more likely to keep them in that state.... Emergence from poverty requires effort, firmly established property rights, and productive investment.”
Junior Faculty Member Winners
| First Prize ($10,000) |
Peter Leeson, BB&T Professor for the Study of Capitalism, George Mason University |
| Second Prize ($5,000) |
Jason Sorens, Assistant Professor, University at Buffalo, SUNY |
| Third Prize ($1,500) |
Student Winners
| First Prize ($2,500) |
John Parker, University of Alabama |
| Second Prize ($1,500) |
James Estes, Pittsburgh Theological Seminary |
| Third Prize ($1,000) |
Juan Ramón Rallo, Universidad de Valencia |
Judges
Dr. Alberto Benegas Lynch, Jr. (National Academy of Science, Buenos Aires, Argentina)
Professor Gerald Gunderson (Trinity College)
Professor Yuri Maltsev (Carthage College)
This year’s contest drew 600 applicants from 48 U.S. states, the District of Columbia and Puerto Rico; 57 countries, and 6 continents. The applicants’ countries included Argentina, Armenia, Australia, Azerbaijan, Brazil, Canada, China, Ethiopia, France, Georgia, Germany, Ghana, India, Israel, Italy, Korea, Mauritius, Republic of Moldova, Nepal, Pakistan, Peru, Poland, Romania, Rwanda, Slovakia, Spain, Thailand, United Arab Emirates, United States, Uzbekistan, Venezuela, Zaire and Zambia.
