Alberto Fujimori
President of Peru from 1990 to 2000
Vernon L. Smith
American economist
Vernon Lomax Smithis an American economist who is currently a professor of economics and law at Chapman University. He was formerly the McLellan/Regent’s Professor of Economics at the University of Arizona, a professor of economics and law at George Mason University, and a board member of the Mercatus Center.
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About the Vernon L. Smith
Vernon Lomax Smithis an American economist who is currently a professor of economics and law at Chapman University. He was formerly the McLellan/Regent’s Professor of Economics at the University of Arizona, a professor of economics and law at George Mason University, and a board member of the Mercatus Center. Along with Daniel Kahneman, Smith won the 2002 Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics and his work in the field of experimental economics, which helped establish “laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms”.
Smith is the founder and president of the International Foundation for Research in Experimental Economics (IFREEE), a member of the Independent Institute’s board of advisors, and a senior fellow at the Cato Institute in Washington D.C. He was elected a Fellow of the Econometric Society in 1987, and was elected to the National Academy of Sciences in 1995. In 2004, Smith was awarded an honorary doctorate by the Universidad Francisco Marroquin, where the Vernon Smith Center for Experimental Economics Research is named for him. He was also a founding board member of the Center for Growth and Opportunity at Utah State University. As of 2023, Smith also sits on the Advisory Board of the Madden Center for Value Creation at Florida Atlantic University.
9 Quotes by Vernon L. Smith
- 1.
Yes, long hours and a hard life for my parents, but for a six to seven year old every new day dawned with fresh excitement when you have not a care in the world, and so much to learn and witness.
Vernon L. SmithAmerican economist
- 2.
I can still memory – taste the fresh buttermilk pancakes and hot buttermilk biscuits – both made with lard! – that were cooked on the top, or in the oven, of that ancient iron stove.
Vernon L. SmithAmerican economist
- 3.
In the 9th grade I began my first wage work for the West Side Drug store delivering prescriptions and sundries on my bicycle to customers who called in orders.
Vernon L. SmithAmerican economist
- 4.
After my stellar first grade academic achievements, I continued to perform well in the city primary schools – except for penmanship, which was not my forte.
Vernon L. SmithAmerican economist
- 5.
I still have my original social security card signed when I was 13.
Vernon L. SmithAmerican economist
- 6.
I gradually became persuaded that the subjects, without intending to, had revealed to me a basic truth about markets that was foreign to the literature of economics.
Vernon L. SmithAmerican economist
- 7.
In 1941 I finished at Allison Intermediate School (grades 7-9), and started at North High School, commuting by bicycle about 5 miles from home to school.
Vernon L. SmithAmerican economist
- 8.
Caltech was a meat grinder like I could never have imagined.
Vernon L. SmithAmerican economist
- 9.
After graduating in engineering I went to the University of Kansas to get an MA in economics as a vehicle for allowing me to decide if I wanted to continue in economics.
Vernon L. SmithAmerican economist