School of Business and Economics

Welcome to the Lloyd V. Hackley Endowment for

Capitalism and Free Enterprise Studies.

The Hackley Endowment for the Study of Capitalism and Free Enterprise at Fayetteville State University is pleased to announce five finalists in its Supply and Demand Video Contest.
Our first place winner is, “Whatever You Like,” from Fayetteville State University (NC).  The song’s catchy chorus, “Demand meets supply at the equilibrium price/without regulations in the way/baby, we can make whatever you like!” is a parody of rapper T.I.’s “Whatever You Like.” These students will receive $2,500 and a plaque.  In expounding on his reasons for choosing the winning video, Brown University professor John Tomasi said, “I found myself smiling each time I watched it; great energy."

Second place is awarded to the students of Shimer College (Chicago, IL) and Northwestern University (NY, NY) for their original song and video, “We Got it 4 Cheap.” These students will receive $350.

The third place prize of $250 goes to the creators of, “Girl, Look at that Market,” from students at Pine Crest School, Ft. Lauderdale, FL.  The video parodies “Sexy and I Know It” by pop group LMFAO.

Our fourth runner-up is, “Supply and Demand: A Thug Story,” by students from George Mason University (Fairfax, VA) and George Washington University (Washington, DC).  The fifth runner-up is, “Supply and Demand,” from the students at Wichita State University.  These schools will share a $400 prize.

To date, the winning videos have received over 28,000 views total on YouTube.

“It was impressive to see the amount of interest the Supply and Demand Music Video Contest garnered and watch the incredibly creative videos submitted by students.  We were proud to sponsor this event,” said Dean Tavakoli.

The video entries were judged according to their economic content, creativity and presentation, with the number of YouTube views and poll votes received on Facebook also considered. 

Contest judges included Emergent Order director and music video producer, John Papola, Professor Edward Stringham (Fayetteville State University), Professor Michael Munger (Duke University) and Professor John Tomasi (Brown University). 

Congratulations to our finalists and thank you to all of our contest participants for their video entries!

The contest tasked students with creating informative and entertaining videos explaining the concept of supply and demand. Entries were received from high school, undergraduate and graduate students across the U.S. To watch the winning videos, please visit our blog, http://hackleychair.blogspot.com.

Please continue to visit our website for future information about our upcoming music video contest, open to all students from the United States (and those working with them).  More details will follow soon!