The Bastiat Prize was a journalism award given annually by the Reason Foundation.
[1] The Bastiat Prize recognized journalists whose published works "explain, promote and defend the principles of the free society.
[4] Instituted in 2002, the Prize was inspired by the 19th-century French philosopher Frédéric Bastiat and his defense of liberty.
Bastiat's use of satire and allegory enabled him to relate complex economic issues to a general audience.
In keeping with his legacy, Bastiat Prize entries were judged on intellectual content, the persuasiveness of the language used, and the type of publication in which they appeared Judges included Margaret Thatcher, James Buchanan, and Milton Friedman.