Tha Adam Smith Award

Mr. Thomas Saving, APEE President, has written the following on awarding the Adam Smith Award to Hernando de Soto:

"The association is particularly honored to be awarding the Adam Smith Award to Hernando de Soto of Lima, Peru. Hernando de Soto's first book, The Other Path, made him a household name among the advocates of economic freedom. He has been instrumental in breaking down many of the legal restrictions on economic freedom in Peru and throughout South America and the World. His latest book, The Mystery of Capital, promises to produce another tidal wave of reform. Hernando de Soto is a most worthy recipient of our Association's highest award."

The Adam Smith Award is the highest honor bestowed by The Association of Private Enterprise Education (APEE). It is given to recognize an individual who has made a sustained and lasting contribution to the perpetuation of the ideals of a free market economy as first laid out in Adam Smith's Wealth of Nations. The recipient of this award must be an individual who has acquired an international reputation as an eloquent scholar and advocate of free enterprise and the system of entrepreneurship which underlies it. In searching for a recipient, APEE looks for someone who through their writing, speaking, and professional life, has focused attention upon the fundamental principles which are the bulwark of our organization.

Previous Winners Previous winners include Nobel Laureates James Buchanan (1991) and Douglas North (1996), as well as Harold Demsetz (2001), Armen Alchian (2000), Allan Meltzer (1999), Robert Barro (1998), and Alan Greenspan (1997). The Association of Private Enterprise Education (APEE) The Association of Private Enterprise Education (APEE) brings together scholars in such fields as Economics, Management, Entrepreneurship, Marketing, Finance, Ethics, Religion and Education who have done significant research on topics pertaining to systems of private enterprise worldwide.

* Information and photograph kindly provided by the APEE.