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The Progressive Economics Forum

Galbraith Prize in Economics

At the 2006 PEF annual general meeting, the members decided to seek the development of a new Prize in Economics in honour of John Kenneth Galbraith, the great Canadian economist who had just passed away. Mario Seccaracia sought and received the approval of the Galbraith family from Jamie Galbraith, and Jamie joined us at the 2007 CEA meetings to inaugurate the Prize and deliver the first lecture. The first John Kenneth Galbraith Prize in Economics was awarded in 2008 at the CEA meetings in Vancouver, to coincide with the tenth anniversary of the PEF. It will be awarded every two years.

2014 Prize Winner, Lars Osberg, Dalhousie University

2012 Prize Winner: Mike McCracken, Informetrica

2010 Prize Winner: John Loxley, University of Manitoba

2008 Prize Co-Winners: Mel Watkins, University of Toronto (emeritus) and Kari Polanyi Levitt, McGill University (emeritus)

2007 Inaugural Lecture by James GalbraithThe Abiding Economics of John Kenneth Galbraith

JKG Prize Terms of Reference

The PEF’s 2007 AGM set out a Terms of Reference for the Galbraith Prize:

a) The JKG Prize and Lecture will be awarded every two years, with the first award in 2008. It will be presented as part of the annual Canadian Economics Association meetings.

b) The recipient of the Prize must deliver the Lecture (no lecture, no prize).

c) The Prize will be awarded based on a demonstrated contribution combining economic analysis with a commitment to social justice, whose work exemplifies the goals and objectives of the PEF.

d) A five-person Selection Committee will be appointed by the PEF Steering Committee to bring forward nominations in the year before the prize is awarded. The Selection Committee will have at a minimum one academic, one labour member, and one member from a community/social justice/environmental organization.

e) PEF members will have an opportunity to nominate candidates, but the award will be determined by the Selection Committee.

f) The PEF will award a $2,000 honourarium for the Prize and Lecture, and will cover travel and accommodation expenses for the recipient.