In honor of Howard P. Milstein, an American businessman, philanthropist, and supporter of our mission, we are excited to announce that we will be naming the inaugural Howard P. Milstein Fellow at the 2017 National Meeting. A winning essay will incorporate the shared philosophies of Howard Milstein, the Manhattan Institute, and the Adam Smith Society – the centrality of free markets to American culture, and the benefits of commerce for a thriving society.
This fellowship will be awarded to the first-year MBA student member who authors the winning essay in response to the prompt available below.
Award Details
The Howard P. Milstein Fellow will receive:
- $1,000 cash prize
- Their essay published by the Manhattan Institute and featured on the Adam Smith Society website
- 100% travel scholarship to all National Events (including the 2017 National Meeting)
Contest Details
Only first-year MBA Students are eligible for this fellowship
- February 17, 2017: All essay submissions due
- April 21-22, 2017: Winner announced at the National Meeting
Essay Prompt
Choose one of the following two statements and explain, in approximately 1,500 words, why you agree or disagree. Do you think these statements reflect the climate of opinion of the business world today? Why or why not?
- “There is one and only one social responsibility of business—to use its resources and engage in activities designed to improve its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition, without deception and fraud.”—Milton Friedman
- “Since the value of freedom rests on the opportunities it provides for unforeseen and unpredictable actions, we will rarely know what we lose through a particular restriction of freedom.” – Friedrich Hayek