After careful analysis of the essays presented by the contestants of the First International Essay Contest on Liberalism and Free Market, the Jury and ISIL & Foro Libre Boards of Directors are pleased to announce the following results:

1. GOLD AWARD

Carlos Francisco Mendoza is the winner of the "Gold" award

His essay, in the Jonathan Gullible category, was entitled: Ensayo sobre el libro "Las Aventuras de Jonathan Gullible", by Ken Schoolland. Mendoza is a 22 year old student at CESUES (Centro de Estudios Superiores del Estado de Sonora), in Mexico, where he is studying Licenciatura on International Business.

The Essay Contest "Gold" award consists of:
· Airplane round trip tickets from the winner's city of residence to Puerto Vallarta, Mexico.
· Registration fees at the 21st World Conference of the International Society for Individual Liberty.
· First class hotel accommodation for four nights at the Hotel Iguana Mismaloya, plus all meals and beverages at the La Jolla de Mismaloya Hotel.
· A 1-oz US Gold Eagle coin minted due to the influence of Libertarian Congressman Ron Paul.

2. SILVER AWARD

Alvaro Feuerman Claros is the winner of the "Silver" award

His essay, in "The Mystery of Capital" category, was entitled "Ensayo Acerca del Libro El Misterio del Capital por Hernando de Soto.

Feuerman has a Master Degree in Economics and Business Administration of ESEADE, Buenos Aires, Argentina.

The Essay Contest "Silver" award consists of:
· Registration fees at the 21st World ISIL Conference
· First class accommodation for four nights at the hotel Iguana Mismaloya, and all
meals and beverages at the La Jolla de Mismaloya Hotel.
· A 1-oz. US Silver Eagle coin.

3. BRONZE AWARD

Charles Lam is the winner of the "Bronze" award.

His essay, in "The Mystery of Capital" category was entitled: "A personal perspective and impression on The Mystery of Capital: Why Capitalism triumphs in the West and fails everywhere else".

Lam has an Executive MBA Degree from IMADEC University, Vienna, Austria. He also has a Ph.D. in Medical Microbiology. He is currently working for a research institution in Vienna, Austria.

The Essay Contest "Bronze" award consists of:
· Registration fees at the 21st World ISIL Conference,
· First class accommodation for four nights at the hotel Iguana Mismaloya, and all meals and beverages at the La Jolla de Mismaloya Hotel.

All the winners essays will be published in the ISIL journal.

We congratulate each contestant and look forward to seeing all of you in Puerto Vallarta, Mexico.

Sincerely,

Vince H. Miller	Edgar Pińa O.
ISIL President	Foro Libre, A.C. President