2014 Friends of Adam Smith Awards Dinner
Wednesday, June 11, 2014
Andrew Mellon Auditorium
1301 Constitution Avenue, N.W.
the 2014 Friends of Adam Smith Dinner
U.S. Senator Bob Corker (R-Tenn.) and Jay Timmons, Chief Executive Officer and President of the National Association of Manufacturers (NAM), received the 2014 Public Official and Business Citizen Award, respectively, by the Friends of Adam Smith Foundation and the Business-Industry Political Action Committee (BIPAC). The board of BIPAC, the largest national grassroots business network, and many of its members established the Friends of Adam Smith Foundation in November 2000 to highlight the role of business and business leadership in both the private sector and in government.
Senator Corker and Timmons accepted the honors on Wednesday, June 11, 2014, at the Andrew Mellon Auditorium in Washington, DC. They were recognized for their outstanding records of achievement in supporting and advancing the principles of free enterprise: free markets, low taxes, limited government, respect for private property, and the promotion of a stable economy. The Friends of Adam Smith Awards Dinner emphasized the pivotal role that free enterprise plays in America.
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About the Adam Smith Award
The Adam Smith Award emphasizes the continued importance of free enterprise in our society. These awards recognize one business leader and one public official whose life work epitomizes a commitment to the concepts and beliefs espoused by Adam Smith. It is the objective of our awards program to instill discussions of free market capitalism into the public and policy discourse at the highest levels through the sustained and increased prominence of the Adam Smith Award.
About The Friends of Adam Smith
The Friends of Adam Smith was established in November 2000 by the Board of Directors of the Business-Industry Political Action Committee (BIPAC) along with many of its members.
Charged to research and promote the historical and relevant link between politics, public policy and economic freedom, the Friends of Adam Smith highlights the role of business and business leadership in both the private sector and in government.
The Friends of Adam Smith foundation also pursues related efforts that seek to highlight the positive contributions of business and business leaders to the development of good government and lasting prosperity.
About Adam Smith
Adam Smith was a philosopher and professor at the University of Glasgow, Scotland. The publication of Smith's "An Inquiry into the Nature and Causes of the Wealth of Nations" in 1776 is one of the most influential works of modern history.
Smith believed that "wealth" is not an accumulation of gold, but the development of farms, factories, cheap fuel, good streets, good schools and efficient transportation. In effect, the "wealth" of a nation is made up of the productive energies of its people. The influence of his work is so great that Smith is considered the founder of the study of economics and is widely credited with defining and establishing the concept of free market capitalism.
From individual rights, needs and desires to his revolutionary observations about the interdependence of economic and political freedom, Smith had such an extraordinary impact on America's Founding Fathers that they incorporated many of his notions into the very framework that is our system of government. More than 200 years after his death, Adam Smith's principles of free markets, low taxes, respect for private property and stable money remain true today.
2014 Public Official Award
Senator Bob Corker (R-Tennessee)
2014 Business Citizen Award
President & Chief Executive Officer
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2014 Dinner Co-Chairs