The Panmure House Prize is an annual award of US$75,000 supporting academic research that explores the relationship between long-term thinking and radical innovation.
Administrated in partnership with FCLTGlobal, and supported by Baillie Gifford, the Panmure House Prize is open to academics from all disciplines, at any career stage, and from anywhere in the world, the Prize recognises scholars whose work has the potential to create meaningful, lasting impact — reflecting Adam Smith’s belief in evidence-based inquiry.
We actively encourage applications from researchers across the sciences, social sciences, humanities, arts, and interdisciplinary fields. You do not need to be an economist or work directly on Adam Smith to apply.
How to Apply
Details on how to apply can be found via the submission guidance page.
Applications for the 2026 Panmure House Prize open [day] [date] January 2026 and close [day] [date] [month] 2026.
Patron of the Prize: Professor Sir Angus Deaton
Sir Angus Deaton is Senior Scholar and Professor Emeritus at Princeton University and Presidential Professor of Economics at USC. He is the author of The Great Escape: health, wealth, and the origins of inequality and, with Anne Case, Deaths of despair and the future of capitalism. His interests span domestic and international issues and include health, happiness, development, poverty, inequality, and how to best collect and interpret evidence for policy. He is a member of the National Academy of Sciences and the American Philosophical Society, a Fellow of the British Academy, and an Honorary Fellow of the Royal Society of Edinburgh. He is a past President of the American Economic Association. His BA, MA, and PhD are from Cambridge University, and he holds several honorary doctorates from universities in Europe and the US. In 2015, he received the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel “for his analysis of consumption, poverty, and welfare.” He was born in Edinburgh, Scotland. He was made a Knight Bachelor in the Queen’s Birthday Honors List in 2016.
Labour alone […] never varying in its own value, is alone the ultimate and real standard by which the value of all commodities can at all times and places be estimated and compared. It is their real price; money is their nominal price only.
The Wealth Of Nations, Book I, Chapter V