The Marshall Society

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Economic Surplus by The Marshall Society

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Economic Surplus by The Marshall Society

14 March 2023


Marshall’s Thoughts
This week’s Marshall Thoughts, “The UK Property Market: Current Trends and Implications for the Economy” are written by Aron Árnason. Read it here, at our Research Analyst team's newest repository of reports and thought-pieces. And in case you missed it:

  • How did Hindenburg short Adani stock? [FT]
  • What does Silicon Valley Bank’s collapse mean for the financial system? [The Economist]
  • A stubbornly strong economy complicates the fight against inflation [The Economist]
  • China warns of potential conflict with US over containment strategy [FT]


That's it from us for now!
The Marshall Society

#81
March 14, 2023
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Application for the Marshall Society Committee

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Application for the Marshall Society Committee

14 March 2023


#80
March 14, 2023
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President Election Form

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President Election Form

Please find the google form to cast your vote for The Marshall Society's 2023/24 President. The form closes tomorrow (Saturday 11th March 2023) at 11am, so please cast your vote before then!

Voting form: https://forms.gle/z16V4YXUnFXejf9x8

#79
March 10, 2023
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Presidential Elections TODAY!

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Today's Presidential Elections: Need to Know Information

Hi everyone,

It’s the Marshall Society Presidential Elections today!

#78
March 10, 2023
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Candidate President Manifestos

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Candidate President Manifestos

Come to our election day to cast your votes! Here are the prospective Presidents manifestos for you to get to know the candidates! 

https://drive.google.com/drive/folders/1-7LItfhJesHggHlDDKnM5hNjHhSgRSiW?usp=sharing
#77
March 9, 2023
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Events This Week

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What's new this week

7 March 2023


#76
March 7, 2023
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Economic Surplus by The Marshall Society

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Economic Surplus by The Marshall Society

6 March 2023


Marshall’s Thoughts
This week’s Marshall Thoughts, “The Economic Harms of Burning Bridges – A Look at Economic Fragmentation, and its Results for Climate and Global Debt” are written by Philippa Stokes. In it, she looks at the broad and uneven effects of today's global economic decoupling, and what states might do about it. Read it here, at our Research Analyst team's newest repository of reports and thought-pieces. And in case you missed it:

  • Britain’s stockmarket has languished. Its gilt market may be next [The Economist]
  • America’s property market suggests recession is on the way [The Economist]
  • Boris Johnson may have misled parliament over ‘partygate’, say MPs [FT]
  • Germany and Italy stall EU ban on combustion engines [FT]


That's it from us for now!
The Marshall Society

#75
March 6, 2023
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Economic Surplus by The Marshall Society

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Economic Surplus by The Marshall Society

27 February 2023


1. The Dismal Scientist - Last Week to Apply!
The Marshall Society is closing submissions for the 2023 edition of its magazine, The Dismal Scientist, this week. The Dismal Scientist has had a long-running history of featured contributions from prominent economists such as David Card, John Kay, Gregory Mankiw and Alvin Roth, in addition to contemporary Cambridge scholars, whether students or faculty. We are looking for contributions from Cambridge students, from any discipline, to continue this great tradition. If you’re interested, do apply here.

If you are interested in writing an article for the magazine, please outline an article concept (in 50 words or fewer) through the form above and we will reach out to you shortly. Please note that you will eventually be required to produce an article between 1,000 and 2,000 words on economic theory and/or current affairs in the summer.

We recommend referring to our 2021 edition for some idea of what past articles are like. If you have any further questions, feel free to contact our magazine editors Anna (yj342@cam.ac.uk) and Jonathan (jchl6@cam.ac.uk).

The deadline for submission is 5 March, 23:59 GMT. We look forward to reviewing your submissions!


2. Marshall’s Thoughts
This week’s Marshall Thoughts, “The Economics of Marijuana Criminalization and Legislation” are written by Edric Wong. In it, he looks at the complex decision to legalise a drug in monetary, cost-benefit terms. Read it here, at our Research Analyst team's newest repository of reports and thought-pieces. And in case you missed it:

  • Pasta price doubles to 95p as cost of basics rises [BBC]
  • How socialism boosts American sport [The Economist]
  • China’s economy is looking at a new wave of Japanification [FT]
  • China’s foreign loans are becoming a US burden [FT]


That's it from us for now!
The Marshall Society

#74
February 27, 2023
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Economic Surplus by The Marshall Society

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Economic Surplus by The Marshall Society

22 February 2023


1. The Dismal Scientist - Accepting 2023 Submissions
The Marshall Society has opened submissions for the 2023 edition of its magazine, The Dismal Scientist! The Dismal Scientist has had a long-running history of featured contributions from prominent economists such as David Card, John Kay, Gregory Mankiw and Alvin Roth, in addition to contemporary Cambridge scholars, whether students or faculty. We are looking for contributions from Cambridge students, from any discipline, to continue this great tradition. If you’re interested, do apply here.

If you are interested in writing an article for the magazine, please outline an article concept (in 50 words or fewer) through the form above and we will reach out to you shortly. Please note that you will eventually be required to produce an article between 1,000 and 2,000 words on economic theory and/or current affairs in the summer.

We recommend referring to our 2021 edition for some idea of what past articles are like. If you have any further questions, feel free to contact our magazine editors Anna (yj342@cam.ac.uk) and Jonathan (jchl6@cam.ac.uk).

The deadline for submission is 5 March, 23:59 GMT. We look forward to reviewing your submissions!


2. Marshall’s Thoughts
This week’s Marshall Thoughts, “Promoting a Green Transition: A Discussion of Potential Unspoken Hindrances” are written by Benjamin Choo. In it, he reflects on how well-intentioned government policies may paradoxically impede decarbonisation efforts. Read it here, at our Research Analyst team's newest repository of reports and thought-pieces. And in case you missed it:

  • Is Google’s 20-year dominance of search in peril? [The Economist]
  • Inflation will be harder to bring down than markets think [The Economist]
  • US government risks defaulting on debt as soon as July, agency warns [FT]
  • Why is the UK economy lagging behind the US, Germany and others? [BBC]


That's it from us for now!
The Marshall Society

#73
February 22, 2023
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Economic Surplus by The Marshall Society

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Economic Surplus by The Marshall Society

19 February 2023


1. The Dismal Scientist - Accepting 2023 Submissions
The Marshall Society has opened submissions for the 2023 edition of its magazine, The Dismal Scientist! The Dismal Scientist has had a long-running history of featured contributions from prominent economists such as David Card, John Kay, Gregory Mankiw and Alvin Roth, in addition to contemporary Cambridge scholars, whether students or faculty. We are looking for contributions from Cambridge students, from any discipline, to continue this great tradition. If you’re interested, do apply here.

If you are interested in writing an article for the magazine, please outline an article concept (in 50 words or fewer) through the form above and we will reach out to you shortly. Please note that you will eventually be required to produce an article between 1,000 and 2,000 words on economic theory and/or current affairs in the summer.

We recommend referring to our 2021 edition for some idea of what past articles are like. If you have any further questions, feel free to contact our magazine editors Anna (yj342@cam.ac.uk) and Jonathan (jchl6@cam.ac.uk).

The deadline for submission is 5 March, 23:59 GMT. We look forward to reviewing your submissions!


2. Marshall’s Thoughts
This week’s Marshall Thoughts, “Japan’s Negative Interest Rates” are written by Bai Xuantong. In it, he reflects on Japan's unconventional monetary policies in light of Kazuo Ueda's election as the Bank of Japan's new governor. Read it here, at our Research Analyst team's newest repository of reports and thought-pieces. And in case you missed it:

  • Private payroll growth slowed to 106,000 in January as weather hit hiring, ADP says [CNBC]
  • Deloitte's Global Weekly Economic Update [Deloitte]
  • What Ukraine means for the world [The Economist]


That's it from us for now!
The Marshall Society

#72
February 19, 2023
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Economic Surplus by The Marshall Society

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Economic Surplus by The Marshall Society

10 February 2023


Economic Surplus has undertaken a move to a simpler, less cluttered design. We hope our readers enjoy the revamp!

1. The Dismal Scientist - Accepting 2023 Submissions
The Marshall Society has opened submissions for the 2023 edition of its magazine, The Dismal Scientist! The Dismal Scientist has had a long-running history of featured contributions from prominent economists such as David Card, John Kay, Gregory Mankiw and Alvin Roth, in addition to contemporary Cambridge scholars, whether students or faculty. We are looking for contributions from Cambridge students, from any discipline, to continue this great tradition. If you’re interested, do apply here.

If you are interested in writing an article for the magazine, please outline an article concept (in 50 words or fewer) through the form above and we will reach out to you shortly. Please note that you will eventually be required to produce an article between 1,000 and 2,000 words on economic theory and/or current affairs in the summer.

We recommend referring to our 2021 edition for some idea of what past articles are like. If you have any further questions, feel free to contact our magazine editors Anna (yj342@cam.ac.uk) and Jonathan (jchl6@cam.ac.uk).

The deadline for submission is 5 March, 23:59 GMT. We look forward to reviewing your submissions!


2. Marshall’s Thoughts
This week’s Marshall Thoughts, “China’s Reopening: What are its Effects?” are written by Thomas Wang. In it, he describes the domestic and broader global impacts of China’s relaxation of Covid-19 policy. Read it here, at our Research Analyst team's newest repository of reports and thought-pieces. And in case you missed it:

  • Germany confirms it will provide Ukraine with Leopard 2 tanks [BBC]
  • Bank of England chief says pay raise negotiations should factor in falling inflation [CNBC]
  • UK households will face more pain, says Bank’s former chief economist [The Guardian]
  • U.S. GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom [CNBC]


3. Upcoming: The Marshall Society Presidential Election

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The Marshall Society's Presidential applications are now open! Applications close tomorrow 11 February, 23:59 GMT.

Do you want to shape the Economics education here at the University of Cambridge? Would you like to forge connections with some of the world's leading economists? Have you got a passion for leading a skilled team to deliver events that could be enjoyed by 100+ students all at once?

If so, then being the President of The Marshall Society is the role for you. If you have any questions, feel free to message the relevant existing committee members. Details can be found on our website at https://marshallsociety.com/about-us.


That's it from us for now!
The Marshall Society

#71
February 10, 2023
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Events This Week

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What's new this week

7 February 2023


#70
February 7, 2023
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Talk by Professor Diane Coyle

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What's new this week

25 November 2022


#69
January 25, 2023
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Economic Surplus: Issue 67

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Economic Surplus by The Marshall Society

10 January 2022

"It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest." ― Adam Smith

#68
January 24, 2023
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Events This Week

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What's new this week

17 January 2023


#67
January 18, 2023
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Economic Surplus: Michaelmas-lent holiday weeks

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Economic Surplus by The Marshall Society

10/12/2022

"Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life."

-- Tyler Cowen

#66
January 6, 2023
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Economic Surplus: Michaelmas 2022 Week 10

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Economic Surplus by The Marshall Society

03/12/2022

"Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life."

-- Tyler Cowen

#65
December 10, 2022
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Economic Surplus: Michaelmas 2022 Week 9

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Economic Surplus by The Marshall Society

24/11/2022

"Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life."

-- Tyler Cowen

#64
December 3, 2022
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Reminder: Online interview with Professor Jeffrey Sachs

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What's new this week

25 November 2022


#63
November 27, 2022
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Events This Week

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What's new this week

14 November 2022


#62
November 25, 2022
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Economic Surplus: Michaelmas 2022 Week 8

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Economic Surplus by The Marshall Society

16/11/2022

"The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics."

--Thomas Sowell

#61
November 24, 2022
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Economic Surplus: Michaelmas 2022 Week 7

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Economic Surplus by The Marshall Society

02/11/2022

"Geography has made us neighbors. History has made us friends. Economics has made us partners, and necessity has made us allies. Those whom God has so joined together, let no man put asunder."

--John F. Kennedy

#60
November 16, 2022
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Events This Week

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What's new this week

14 November 2022


#59
November 14, 2022
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Events This Week

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What's new this week

7 November 2022


#58
November 8, 2022
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Events This Week

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What's new this week

7 November 2022


#57
November 7, 2022
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Economic Surplus: Michealmas 2022 Week 5

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Economic Surplus by The Marshall Society

02/11/2022

"Geography has made us neighbors. History has made us friends. Economics has made us partners, and necessity has made us allies. Those whom God has so joined together, let no man put asunder."

--John F. Kennedy

#56
November 2, 2022
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Events This Week

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What's new this week

31 October 2022


#55
October 31, 2022
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Events This Week

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What's new this week

24 October 2022


#54
October 24, 2022
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Reminder: come and join us for the talk by Dr Mann!

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Talk by Dr Mann: the functioning of the international economy and financial system

21 October 2022


#53
October 21, 2022
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Talk by Dr Mann: the functioning of the international economy and financial system

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Talk by Dr Mann: the functioning of the international economy and financial system

17 October 2022


#52
October 17, 2022
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Sign Up For our Cornerstone Research Event!

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Cornerstone Research Event

17 October 2022


#51
October 17, 2022
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Join Us in Our First Sponsor Event of the Year with Cornerstone Research!

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Sponsor Event with Cornerstone Research

16 October 2022


#50
October 16, 2022
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Free Drinks This Sunday 🥂🥂 and Opportunities For You Within The Marshall Society 🙌🙌

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Free Drinks This Sunday 🥂🥂 and Opportunities For You Within The Marshall Society 🙌🙌

14 October 2022


#49
October 14, 2022
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Cool Finance Opportunities 🚀🚀🚀

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Cool Finance Opportunities 🚀🚀🚀

13 October 2022

"Economists who adhere to rational-expectations models of the world will never admit it, but a lot of what happens in markets is driven by pure stupidity - or, rather, inattention, misinformation about fundamentals, and an exaggerated focus on currently circulating stories." ― Robert Shiller

#48
October 13, 2022
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Join Us at Our First Speaker's Event of the Year!

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Speaker's Event

12 October 2022


#47
October 11, 2022
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Join us for our first social of the year!

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The Marshall Society Social

9 October 2022


#46
October 9, 2022
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FTI Consulting

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FTI Consulting

8 October 2022


#45
October 8, 2022
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Application for Marshall Society Research Analyst is Now Open!

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Marshall Society Research Analyst

8 October 2022


#44
October 8, 2022
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Join us in the Cambridge Financial Careers Evening!

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the Cambridge Financial Careers Evening

10 October 2022


#43
October 8, 2022
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NERA Economic Consulting is Recruiting!

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Apply for NERA Economic Consulting!

27 September 2022


#42
September 27, 2022
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Results of the 2022 Marshall Essay Competition!

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2022 Marshall Society Essay Competition Results

25 September 2022


#41
September 25, 2022
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Join Us for a Networking Dinner with Greenhill & Co!

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Networking Dinner with Greenhill & Co

3 October 2022


#40
September 19, 2022
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Reminder: 19 days towards the submission date of 2022 Marshall Society Essay Competition!

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2022 Marshall Society Essay Competition

19 August 2022


#39
July 31, 2022
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Reminder: 38 days towards the submission date of 2022 Marshall Society Essay Competition!

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2022 Marshall Society Essay Competition

19 August 2022


The Competition 

The Marshall Society, the economics society of the University of Cambridge, is excited to launch its 2022 essay competition. This is an opportunity for all pre-university students who have not begun their university studies to demonstrate their ability to write a convincing and well-structured essay. Emphasis should be placed on a sound explanation of economic theory and well-reasoned, original arguments, drawing on relevant real-world evidence. 

Participants are to submit an essay response to one of the following questions: 

  1. Economies are facing soaring inflation rates despite tepid growth, which commentators have attributed to various causes. Discuss what you think the appropriate policies are to address fears of ‘stagflation’. 

  2. ‘Russia’s invasion of Ukraine has already altered the global economy.’ Discuss. 

  3. Today’s globalised economy is vulnerable to shocks from multifarious sources. From whence will the next major recession come?

  4. What are the likely economic effects of blockchain technology in the next decade? 

  5. ‘Public goods can be provided by the private sector.’ Discuss.

  6. Evaluate an economic policy recently implemented by a country that of your choice and discuss its short- and long-run consequences. 

Writing the essay 

Your essay should be written in English with good grammar and structure. Try to structure your essay in an orderly way; you should build up your argument gradually, instead of asserting it in your first paragraph. The best essays will collect evidence over the course of the essay so that, when it comes to your conclusion, the outcome of your argument will seem inevitable. 

Your essay should be properly referenced, citing all sources along the way. It is recommended to use the APA (Author, Year) style of citation in the text. (For example, “Th2e persistence of high unemployment rates is mainly associated with rigidities in the labour markets (Bertola and Rogerson, 1997).”) 

Please also provide a bibliography, where you list all your sources at the end of the essay. Don’t worry too much about sticking to one citation format for this; spend your time writing your essay instead (although look to the APA format as a guide for this). Just make sure all the information needed to verify your sources is in here. 

Before submitting your essay, do a word count. Words in your bibliography and in any data tables don’t count towards the limit, but everything else does, including footnotes. e limit is 1000 words (we will check!). We put a word limit so you can focus on what the really important aspects of the question are. Because of the limit, you shouldn’t worry about providing a complete overview of the topic; rather, focus on getting a really good insight into the key aspects, with facts to back it up. 

Finally, some notes on style: 

  • Include page numbers on every page

  • On the first page, include the question, question number, your name and your school. 

Submitting 

Use the submission form below to submit your essay. 

https://docs.google.com/forms/d/e/1FAIpQLSebDz9cgW5bMPVElWvg_1uLwwOg02A7R33SF2obeYNKDoTnCg/viewform 

Do not email it to us: we will not read it if you do! 

The deadline for submissions is 19 August 2022, 11:59pm BST. Late submissions will not be considered. 

Before submitting, please convert your file to a PDF and change the le name to “[your name] Q[2question number].pdf2”. (For example, “Charlie Murphy Q4.pdf2”). Make sure this is no larger than 10 MB in size. 

Judging 

Competition results will be published on the Marshall Society website by mid-September. Prizes are as follows:
First place: £50
Finalists: £25 

Commendation: No monetary prize, awarded to excellent submissions shortlisted for finalist. 

Selected winning essays will be featured in the Marshall Society’s annual publication, The Dismal Scientist. 

Please also observe that by entering, you agree to the terms and conditions listed below: 

  1. Your submitted essay must be your work alone, and any assistance given to you whilst writing your essay must be declared in your email.

  2. You cannot make any revisions to your essay once it has been submitted. 

  3. Only students who have not started an undergraduate degree can enter. Please note that you do not have to be studying in the UK to enter.

  4. Any personal data relating to entrants will be used solely for this competition and will not be disclosed to any third parties for any purpose without prior consent. 

  5. The essay that is entered may not be entered into any other competition.

  6. The winner, runners up and those with shortlisted essays will be contacted via the email used to submit the essay. Unfortunately, any other feedback will not be possible for any of the entrants. 

  7. The Marshall Society reserves the final right, where necessary, to make amendments to the above terms and conditions and to select the winners of the competition. 

We look forward to reading your submissions! 

If you have any questions, feel free to message the relevant existing committee members. Details can be found on our website at: https://marshallsociety.com/about-us/.​


That’s it from us for now!

The Marshall Society

#38
July 12, 2022
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Participate in the 2022 Marshall Society Essay Competition!

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2022 Marshall Society Essay Competition

19 August 2022


#37
July 7, 2022
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Watch it live: Economic Fables-Reflections of a Storyteller with Dr. Ariel Rubinstein

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Economic Fables-Reflections of a Storyteller with Dr. Ariel Rubinstein

26th March 2022


#36
July 7, 2022
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Three hours left to submit your application to our Committee!

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Marshall Society Committee Applications

26th March 2022


#35
March 26, 2022
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Marshall Society Committee Applications

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Marshall Society Committee Applications

22nd March 2022


#34
March 22, 2022
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Reminder: Event Today - In conversation with Sir Vince Cable: 'Money and Power'

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Event Today with Sir Vince Cable

18th March 2022


#33
March 18, 2022
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New Event - In conversation with Sir Vince Cable: 'Money and Power'

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Event with Sir Vince Cable and General Committee Applications

16th March 2022


#32
March 16, 2022
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