Question: Who gives out the award named after the person who argued that colonies were redundant?

Knowledge 1: British Empire
The loss of such a large portion of British America, at the time Britain's most populous overseas possession, is seen by some historians as the event defining the transition between the "first" and "second" empires, in which Britain shifted its attention away from the Americas to Asia, the Pacific and later Africa. Adam Smith's Wealth of Nations, published in 1776, had argued that colonies were redundant, and that free trade should replace the old mercantilist policies that had characterised the first period of colonial expansion, dating back to the protectionism of Spain and Portugal. The growth of trade between the newly independent United States and Britain after 1783 seemed to confirm Smith's view that political control was not necessary for economic success. [SEP] Knowledge 2: Adam Smith Prize
The Adam Smith Prize are two prizes for best performance in the Part IIB Economics Tripos examinations and dissertation at the University of Cambridge, Cambridge, England. Previously the prize, established in 1891 and named after Adam Smith, was awarded triennially for best submitted essay on a subject of the writer's choice.
Knowledge 1: British Empire
The loss of such a large portion of British America, at the time Britain's most populous overseas possession, is seen by some historians as the event defining the transition between the "first" and "second" empires, in which Britain shifted its attention away from the Americas to Asia, the Pacific and later Africa. Adam Smith's Wealth of Nations, published in 1776, had argued that colonies were redundant, and that free trade should replace the old mercantilist policies that had characterised the first period of colonial expansion, dating back to the protectionism of Spain and Portugal. The growth of trade between the newly independent United States and Britain after 1783 seemed to confirm Smith's view that political control was not necessary for economic success. [SEP] Knowledge 2: List of Nobel Peace Prize laureates
The Norwegian Nobel Committee each year awards the Nobel Peace Prize (Norwegian and Swedish: Nobels fredspris) ``to the person who shall have done the most or the best work for fraternity between nations, for the abolition or reduction of standing armies and for the holding and promotion of peace congresses. ''It is one of the five Nobel Prizes established by the 1895 will of Alfred Nobel (who died in 1896), awarded for outstanding contributions in chemistry, physics, literature, peace, and physiology or medicine. As dictated by Nobel's will, the award is administered by the Norwegian Nobel Committee and awarded by a committee of five people elected by the Parliament of Norway. The first Nobel Peace Prize was awarded in 1901 to Frédéric Passy and Henry Dunant; the prize was most recently awarded to the International Campaign to Abolish Nuclear Weapons in 2017. Each recipient receives a medal, a diploma, and a monetary award prize that has varied throughout the years. In 1901, Passy and Dunant shared a Prize of 150,782 Swedish kronor, which was equal to 7,731,004 kronor in 2008. The Peace Prize is presented annually in Oslo, in the presence of the King of Norway, on December 10, the anniversary of Nobel's death, and is the only Nobel Prize not presented in Stockholm. Unlike the other prizes, the Peace Prize is occasionally awarded to an organisation (such as the International Committee of the Red Cross, a three - time recipient) rather than an individual.
Knowledge 1: British Empire
The loss of such a large portion of British America, at the time Britain's most populous overseas possession, is seen by some historians as the event defining the transition between the "first" and "second" empires, in which Britain shifted its attention away from the Americas to Asia, the Pacific and later Africa. Adam Smith's Wealth of Nations, published in 1776, had argued that colonies were redundant, and that free trade should replace the old mercantilist policies that had characterised the first period of colonial expansion, dating back to the protectionism of Spain and Portugal. The growth of trade between the newly independent United States and Britain after 1783 seemed to confirm Smith's view that political control was not necessary for economic success. [SEP] Knowledge 2: Nobel Prize
Except for the Peace Prize, the Nobel Prizes are presented in Stockholm, Sweden, at the annual Prize Award Ceremony on 10 December, the anniversary of Nobel's death. The recipients' lectures are normally held in the days prior to the award ceremony. The Peace Prize and its recipients' lectures are presented at the annual Prize Award Ceremony in Oslo, Norway, usually on 10 December. The award ceremonies and the associated banquets are typically major international events. The Prizes awarded in Sweden's ceremonies' are held at the Stockholm Concert Hall, with the Nobel banquet following immediately at Stockholm City Hall. The Nobel Peace Prize ceremony has been held at the Norwegian Nobel Institute (1905 -- 1946), at the auditorium of the University of Oslo (1947 -- 1989), and at Oslo City Hall (1990 -- present).

Answer: University of Cambridge