Each prize year OHE sets a single economic question and invites entries which outline a truly innovative economic solution to the problem. There are two rounds in the competition – a 2,500–word entry followed by a 10,000–word entry if shortlisted by the judges. The judges vary each prize year and are specially selected for their expertise in that year’s subject matter.
The judges are scoring entries on:
- Originality of idea
- Empirical/theoretical foundations
- Global feasibility/implementation
- Potential impact
- Clarity of explanation