File:Vernon_L._Smith_2011.jpg · Wikimedia Commons · See Wikimedia Commons
OverviewAI-generated
Vernon Lomax Smith is a male economist and university teacher from the United States. Born in Wichita in 1927, he holds a doctorate and has worked at Brown University, Purdue University, Stanford University, and George Mason University. He was educated at the California Institute of Technology, Harvard University, the University of Kansas, and the University of Massachusetts Amherst. His doctoral advisor was Wassily Leontief.
Smith received the Prize in Economic Sciences in Memory of Alfred Nobel. He is a member of the National Academy of Sciences, the American Academy of Arts and Sciences, and the Econometric Society. He is recognized in the Nobel Economics collection and the American Academy Arts Sciences collection. He speaks English and is interested in economics.
Synthesized by Vinony from 21 facts across 3 sources: Wikidata, Nobel Prize, Vinony collections. Generated from structured data (not the Wikipedia text) and checked against those facts — may still contain errors.
Key facts
- Born
- Vernon Lomax Smith , ( 1927-01-01 ) January 1, 1927 (age 99) , Wichita, Kansas , U.S.
- Education
- California Institute of Technology ( BS ), University of Kansas ( MA ), Harvard University ( PhD )
- Thesis
- A theoretical and empirical inquiry into the economic replacement of capital equipment (1955)
- Doctoral advisor
- Wassily Leontief
- Influences
- Friedrich Hayek , Richard S. Howey
- Discipline
- Experimental economics
- School or tradition
- New classical economics
- Notable ideas
- Combinatorial auction , Experimental economics
- Awards
- Nobel Memorial Prize in Economic Sciences (2002)
- Website
- Information at IDEAS / RePEc
via Wikipedia infobox
Nobel Prize
- The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel2002
“for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms”
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Wikidata facts
- Instance of
- human
- Family name
- Smith
- Gender
- male
- Citizenship
- United States
- Place of birth
- Wichita
- Occupation
- economist
- Employer
- Chapman University
- Languages spoken
- English language
- Academic degree
- doctorate
- Doctoral advisor
- Wassily Leontief
- Field of work
- economics
- Image
- Vernon L. Smith 2011.jpg
Show 6 more facts
- maintained by WikiProject
- WikiProject Mathematics
- Commons category
- Vernon L. Smith
- date of birth
- 1927-01-01
- member of
- Econometric Society
- name in native language
- Vernon Lomax Smith
- interested in
- economics
via Wikidata · CC0
~13 min read
Encyclopedic overview
Vernon Lomax Smith (born January 1, 1927) is 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 Marroquín, 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.
Excerpted from Wikipedia’s “Vernon L. Smith” article, available under the CC BY-SA 4.0 licence.