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Vernon L. Smith

Economist and Nobel Prize winner. Born: January 1, 1927, Wichita, Kansas.

Vernon L. SmithDr. Smith was born in Wichita where he attended Wichita North High School and Friends University. He received his bachelor's degree in electrical engineering from the California Institute of Technology in 1949, an M.A. in economics from the University of Kansas in 1952, and his Ph.D in Economics from Harvard University in 1955.

Dr. Smith taught at the Kannert School of Management at Purdue University from 1955 to 1967. He began his research in experimental economics there. He then taught at Brown University and the University of Massachusetts. He received appointments at the Center for Advanced Study in the Behavioral Sciences at Caltech.

In 2002 Dr. Smith and Daniel Kahneman shared the Noble Prize for Economics. Much of the research for the Prize was conducted at the University of Arizona between 1976 and 2002. In 2002 he left Arizona for George Mason University. In 2008 he founded the Economic Science Institute at Chapman University in California. He has authored or co-authored over 200 articles and books on capital theory, finance, natural resource economics and experimental economics.

Entry: Smith, Vernon L.

Author: G. Joseph Pierron

Author information: Judge Pierron serves on the Kansas Court of Appeals and has an interest in Kansas history.

Date Created: November 2012

Date Modified: December 2013

The author of this article is solely responsible for its content.