Panmure House Prize

Prize for academics from any discipline, location and career stage for research that explores the relationship between long-term thinking and radical innovation, and is inspired by Adam Smith’s own approach to rigorous empiricism and long-term, interdisciplinary thinking.

Panmure House, a charity based in Scotland, UK, is the final remaining home of Adam Smith (1723-1790), the philosopher and ‘father of modern economics’. The Edinburgh Business School and Heriot-Watt University rescued the historic building from dereliction in 2008 and it is now a centre of excellence for the study of contemporary economics.

Awarded annually, the Panmure House Prize is given to emerging leaders in academia for research that has already been conducted that explores the practical implementation of long-term thinking in relation to innovation, finance, and social and economic change. It rewards research that embodies Adam Smith’s own approach to rigorous empiricism and long-term, interdisciplinary thinking.

The prize is administered in partnership with FCLTGLOBAL, a US-based non-profit organisation that promotes sustainable economies. Support is provided by Baillie Gifford, a Scottish investment management firm that is wholly owned by its partners.

Prize winners are able to use the award to conduct research from their home institution, working to publicise and publish their findings widely within peer-reviewed journals and national and international press. The recipient of the prize is expected to present their work to a convening of the prize panel and other relevant parties at Panmure House in Edinburgh.