The CEA offers the Rae Prize every two years. The Prize is intended to recognize research excellence in the recent past and is not a life-time award. The Prize has a cash value of $10,000.
The Prize has been named after John Rae, born in Scotland in 1796, who did most of his work in Canada and was a genuine precursor of endogenous growth theory.
Criteria: The Prize is awarded to the Canadian economist with the best research record during the last five years. The Committee may decide what constitutes "best research record" and may also interpret "five years" with a modest amount of flexibility. Nominees must have a current, primary appointment in Canada and have done so in three of the last five years. Nominees must be members of the Association at the time of nomination.
Committee: A three person Committee makes the decision. The Committee is appointed by the President of the CEA in consultation with other members of the CEA Executive. There is no explicit exclusion of the CEA Executive from the Committee but in practice they have not been members of the Committee.
Nominations: Nominations are open but in practice the majority of nominations come from the Chairs of Economics Departments. Chairs are asked to send a nomination letter and the CV of the nominee. Additional materials will not be submitted to the selection committee.
Deadline: For 2014, please send in nominations by March 31st at firstname.lastname@example.org.