Last year writers from 49 countries had participated in the program.
"We hope that even more will enter to compete for this prestigious prize in 2007," says Marc Sidwell, administrator of the program.
"This year's prestigious panel of judges from around the world includes a Nobel laureate, a former British Chancellor of the Exchequer, award-winning journalists and other eminent figures."
Previous judges have included Lady Thatcher, James Buchanan and Milton Friedman. This year's panel includes the former British Chancellor of the Exchequer, Lord Lawson of Blaby, and Professor Vernon Smith, winner of the 2002 Nobel Prize for economics.
Submissions which have to be in English will be accepted until June 30.
Last year’s Bastiat Prize winners were Tim Harford of the Financial Times, Jamie Whyte, a freelancer whose columns appear in The Times and e