Established in January 2001 by Alfred and Isabel Bader in recognition of the tremendous contribution of David C. Smith, LLD 1994, to the growth and development of the Graduate Program in the Department of Economics at Queen's University, while he was department head from 1968 to 1981, and to his work with Alfred and Isabel Bader in establishing the International Study Centre at Herstmonceux. Awarded to a Ph.D. student in Economics showing particular promise in his or her graduate work.