Liberty Fund Awards Economic Liberty Prize to Phil Gramm and Donald Boudreaux

Liberty Fund and The Neal and Jane Freeman Foundation have named Senator Phil Gramm and Professor Donald Boudreaux as the inaugural recipients of the Prize for Advancing Economic Liberty. The award recognizes their decades of work in teaching, writing, and public discourse that have enhanced the public's understanding of how competitive markets sustain a free society.

The prize was presented during a ceremony at Liberty Fund's headquarters in Carmel, Indiana, on Monday, October 12, 2026. Established to honor individuals who have illuminated the foundations of free markets, the award reflects a shared principle that competitive markets are expressions of human liberty and require both clarity of thought and steadfastness of purpose.

Senator Phil Gramm, formerly an economist at Texas A&M University, served in the U.S. House of Representatives and the U.S. Senate, advocating for fiscal restraint, competitive markets, and economic freedom. He continues to write and speak on economic policy as a senior fellow at the American Enterprise Institute.

Professor Donald Boudreaux has dedicated his career to explaining economic principles through his work at George Mason University, the Mercatus Center, and the Foundation for Economic Education, as well as his writings. He has made complex economic ideas accessible to a broader audience through works like "The Essential Hayek" and "Globalization."

Both recipients are recognized for their lifetime contributions that have shaped the global understanding of economic liberty. Liberty Fund and The Neal and Jane Freeman Foundation honor their careers and the enduring case they have made for the inseparable nature of competitive markets and a free society.