The Austrian Economics Center concentrates on socio economic issues in theory as well as in best practice and consultancy. Individual (economic) freedom and how to create preconditions is one of the key questions.
Dealing with these topics one can´t stand back, but has to accept responsibility for educating the Next Generation! To enable our children to take reasonable decisions and to take part as well in democracy as in economic markets, Austrian Economics Center has created a program to improve student´s understanding of key economic issues and to promote entrepreneurial thinking.
Providing students with economic education and elaborating terms and concepts helps to find independence and freedom and is basis to prosperity!
Since 2010 the Austrian Economics Center (AEC), in collaboration with the Friedrich A. v. Hayek Institut and generous local sponsors, has organized an annual contest for Austrian students to focus on specific themes related to the principles of free enterprise and entrepreneurship. Furthermore, to help improve public understanding of economics, the Austrian Economics Center started a program to educate students (11 to 19 years).
The student´s competition was created to link and to rise young people´s attention towards economics. The winners of the competition are publicly presented at the yearly Gala, the same gala where every year outstanding individuals are awarded with the Hayek Lifetime Achievement Award (2016 Arthur Laffer, 2015 Peter Thiel, 2014 Deirdre McCloskey, 2013 Dambisa Moyo, 2012 Niall Ferguson, 2011 Mario Vargas Llosa). This Award was created to stress the importance of the winner´s contribution. It is presented at the same occasion to make the young generation acquainted with the work of the Award winner and, to make the students aware of their responsibility for their own future.
Finally, the winners are invited to take part in the mentee program, which is organized individually to meet their needs. Overall, it includes literature packages, workshops, special trainings, lessons and internships.
Students from 11 to 19 years of more than 600 schools in Austria were invited to participate.
The contributions are finally selected by a distinguished jury and the best will be presented at http://nextgeneration.cc/.