Since 1982, NABE has awarded the Adam Smith Award[7] to prominent economists and policy makers that have contributed to business economics. Just some of the recipients of the award include former Federal Reserve Chairman Ben Bernanke in 2014, CEO and President of TIAA-CREF Roger Ferguson in 2013, Vice Chair of the Board of Governors of the Federal Reserve System Janet Yellen in 2010,[8] former Director of the National Economic Council Lawrence Summers in 2009, Chief Executive of the Federal Reserve Bank of St. Louis William Poole in 2006, Professor of Economics at Princeton University Paul Krugman in 1995, and influential economist and recipient of the Nobel Prize in Economics Milton Friedman in 1989.[9]