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 recognises scholarship and intellectual leadership that advances our understanding of the most pressing economic, social and public policy questions of our time, in the spirit of Adam Smith.
The Panmure House Prize cycle for 2026 closed in April 2026.
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