Adam Smith Award

The Adam Smith Award

Each year since 1982, the NABE president has selected an Adam Smith Award recipient based upon leadership in the profession and the application of economic principles and knowledge in the workplace and policy arenas. The recipient delivers a lecture at NABE’s annual meeting. The lecture is printed in a subsequent issue of Business Economics.

1982	Herbert Stein AEI and University of Virginia	“Conservatives, Economists and Neckties”

1983	Charles P. Kindleberger Massachusetts Institute of Technology	“Was Adam Smith a Monetarist or a Keynesian?”

1984	Karl Brunner University of Rochester	“The Poverty of Nations”

1985	Robert M. Solow Massachusetts Institute of Technology	“The Unemployment of Nations”

1986	Paul W. McCracken University of Michigan	“Reluctant to Prosper”

1987	George J. Stigler University of Chicago	“The Effect of Government on Economic Efficiency”

1988	James M. Buchanan George Mason University	“On the Structure of An Economy: A Reemphasis of Some Classical Foundations”

1989	Milton Friedman The Hoover Institution	“The Suicidal Impulse of the Business Community”

1990	James Tobin Yale University	“Living and Trading with Japan”

1991	Gary S. Becker University of Chicago	“Education, Labor Force Quality and the Economy”

1992	Vaclav Klaus Czech Republic	“The Transformation of Eastern Europe”

1993	Martin Feldstein National Bureau of Economic Research	“Rethinking Tax Policy”

1994	Douglass C. North Washington University	“Economic Theory in a Dynamic Economic World”

1995	Paul R. Krugman Stanford University	"What Difference Does Globalization Make?"

1996	Murray L. Weidenbaum Washington University	"An Ambitious Agenda for Economic Growth"

1997	Michael E. Porter Harvard Business School	“Location, Clusters, and the ‘New’ Microeconomics of Competition"

1998	Michael J. Boskin Stanford University	“Capitalism and its Discontents”

1999	Alan S. Blinder The Brookings Institution	"How the Economy Came to Resemble the Model"

2000	Alice Rivlin The Brookings Institutions	"The Challenge of Affluence"

2001	Henry Kaufman Henry Kaufman & Co	"What Would Adam Smith Say Now?"

2002	George Kaufman Loyola University of Chicago Edward J. Kane Boston College George Benston Emory University	"The Use of Economic Analysis to Affect Public Economic Policy" "What Economic Principles Should Policymakers in Other Countries Have Learned from the S&L Mess?" "How Much Regulation of Financial Services Do We Really Need?"

2003	Allan Meltzer Carnegie Mellon University	"Leadership and Progress"

2004	Lawrence Klein University of Pennsylvania	"The State of Economic Linkages: A Retrospective and Prospective View"

2005	Dale Jorgenson Harvard University	" Potential Growth of the U.S. Economy: Will the Productivity Resurgence Continue?"

2006	William Poole Federal Reserve Bank of St Louis	"The Monetary Policy Model"

2007	John B. Taylor Stanford University	"The Explanatory Power of Monetary Policy Rules"

2008	Michael Mussa Peterson Institute for International Economics	“Adam Smith and the Political Economy of a Modern Financial Crisis”

2009	Lawrence Summers National Economic Council	"Principles for Economic Recovery and Renewal"

2010	Janet Yellen Federal Reserve Board	"Macroprudential Supervision and Monetary Policy in the Post-crisis World"

2011	Ken Rogoff Harvard University	"Long Run Implications of a Euro Implosion for the Global Monetary System"

2012	George Soros Institute for New Economic Thinking	"A New Economic Thinking"

2013	Roger Ferguson TIAA-CREF	"Financial Services and the Trust Deficit: Why the Industry Should Make Better Governance a Top Priority"

2014	Ben Bernanke Brookings Institution	"A Conversation between Ben Bernanke and Kai Ryssdal"

2015	Edward C. Prescott Arizona State University	"Northern America's Production of Technology Capital is Transforming the World Economy"

2016	William R. White OECD	"Ultra-Easy Money: Digging the Hole Deeper?"

2017	Raghuram Rajan The University of Chicago Booth School of Business	"Unconventional Monetary Policy and the Role of Central Banks"

2018	Carmen Reinhart Harvard Kennedy School	"Financial Crises: Past and Future"

2019	Arthur B. Laffer Laffer Associates	"Supply-Side Economics"

2020	Susan Athey Stanford Graduate School of Business	"Artificial Intelligence and the Economic Recovery"

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The Adam Smith Award

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