Radical Innovation & Long-Term Investment
The Panmure House Prize is an annual award of $75,000 for research into long-term investing and its relationship with innovation. The Prize is awarded to emerging leaders in academia who are planning to produce outstanding research on the topic of the long-term funding of innovation in the spirit of Adam Smith.
The opportunity is open to academics in economics and finance whose entries are shortlisted and judged by our specially appointed Panmure House Prize Panel. The Prize is administrated in partnership with FCLTGlobal. The Prize is supported by Baillie Gifford.
The 2021 Prize is awarded to Professor Rachelle C. Sampson from the University of Maryland.
The Emergent Thought Award is an award of $25,000 each year over the next five years judged on the same criteria as the Prize. The 2021 Emergent Thought Award is awarded to Matteo Tranchero based at the University of California.
Prize winners will utilise the award to conduct the proposed research from their home institution, working to publicise and publish their findings widely within peer-reviewed journals, national and international press, as well as curating first-look updates and interactive sessions here on the Panmure House website.
The 2022 Call for Proposals is now closed. The 2023 Call for Proposals will open early next year.
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The Panmure House Prize in 15 seconds
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