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The Helen Potter Award was created and endowed in 1975 and is presented annually by the Association for Social Economics. The award recognizes the author of the best article published in the Review of Social Economy by a promising scholar of social economics. This prestigious award celebrates excellence in social economics scholarship and supports emerging scholars in the field. Award recipients receive a framed certificate and a $500 prize. The award has been presented annually since its inception, honoring outstanding contributions to the field of social economics through published research.

The William R. Waters Research Grant was established in 1999 in honor of William R. Waters, editor of the Review of Social Economy for many years and President of ASE in 1987. The purpose of the grant program is to inspire scholars to organize their research in social economics and social economy, focusing on explaining the economy in its broadest aspects and showing how human beings deal with the ordinary business of using human and physical resources to achieve a level of material comfort. The research grant supports promising graduate students in Ph.D. programs who have not yet completed their dissertation, those holding post-doctoral positions, and new faculty members who have not yet been granted tenure or who are tenured but have not yet achieved the rank of Associate Professor. The current annual grant amount is up to $5,000. Recipients are expected to write a short progress report about the research done during the grant period and submit it to the current President-Elect by September 15 of the award year.