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Topic: Vernon Smith

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	Finance & Development, March 2003 - The Lab Man: How experimental economics emerged from the shadows
		Smith changed all that, pioneering the use of experiments conducted in the controlled environment of the laboratory to test economic theories, in particular why markets work the way they do.
		Smith is passionate in his commitment to laboratory testing in economics, a field in which he remains heavily involved, not just in research but also in developing programs and workshops for high school students.
		Smith also initiated the use of wind tunnel–type experiments in the laboratory, where proposed auction mechanisms for privatization and public procurement can be tested in advance.
	www.imf.org /external/pubs/ft/fandd/2003/03/clif.htm (2032 words)

	Vernon Smith (Site not responding. Last check: )
		Smith is a native of Wichita (graduate of North High) and earned a master's degree in economics from the University of Kansas in 1952.
		Smith laid the foundation for the field of experimental economics, demonstrating the importance of alternative institutions.
		Smith "established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms," according to the academy.
	north.usd259.org /vernon_smith.htm (282 words)

	Vernon L. Smith at AllExperts
		Vernon Lomax Smith (born January 1, 1927 in Wichita, Kansas) is professor of economics and law at George Mason University and the George Mason University School of Law, a research scholar in the Interdisciplinary Center for Economic Science, and a Fellow of the Mercatus Center all in Arlington, Virginia.
		Smith's first teaching post was at the Krannert School of Purdue University, which he held from 1955 until 1967, attaining the rank of full professor.
		Smith moved with his family to Massachusetts and got a position first at Brown University (1967-1968), then at the University of Massachusetts (1968-1972).
	en.allexperts.com /e/v/ve/vernon_l._smith.htm (445 words)

	Richard Vernon Smith - Orrick Bio
		Smith was the lead partner representing the majority stockholder in connection with a going private transaction in which this stockholder acquired (through a tender offer and short form merger) all shares held by the minority stockholders of publicly held Crowley Maritime Corporation.
		Smith represented this San Francisco-based freight forwarder and logistics company in its $430 million acquisition by United Parcel Service, Inc. This acquisition was structured as a stock for stock merger.
		Smith represented this venture capital firm in connection with the disposition of its 23% interest in publicly traded Intermix Media, Inc., the owner and operator of myspace.com, in conjunction with News Corporation's acquisition of Intermix.
	www.orrick.com /lawyers/Bio.asp?ID=3519 (1039 words)

	KU's Vernon Smith becomes Nobel laureate
		Known as "the father of experimental economics," Vernon Smith, g'51, in October won a Nobel Prize; he is believed to be the first KU alumnus to win the world-renowned honor.
		Smith, a Wichita native, is a professor of law and economics at the George Mason University campus in Arlington, Va. He will share the $1 million prize with Daniel Kahneman, professor of psychology at Princeton University.
		Smith, who will travel to Stockholm in December to accept the prize and deliver his Nobel lecture at the Royal Swedish Academy of Sciences, said the prize came as a relief, because "my friends have been predicting this for about 20 years, and I was glad they were finally right."
	www.kuconnection.org /nov2002/people_1.asp (475 words)

	Advocates for Self-Government - Libertarian Education
		Smith, 75, is an originator of experimental economics, a discipline that observes economic behavior in controlled laboratory conditions.
		A supporter of the Socialist Party as a young man, Smith said he later came to realize that "the best systems maximize the freedom of the individual, subject to the constraint of others in the system." As a result, his political beliefs underwent a swing from collectivism to liberty, said Smith.
		Smith currently serves on the Board of Directors of the International Foundation for Research in Experimental Economics, is an adjunct scholar at the Cato Institute, and is a research fellow and board member of the Mercatus Center.
	www.theadvocates.org /celebrities/vernon-smith.html (368 words)

	Rep. Vernon Smith, education professor at IUN, earns Welsh-Bowen Award
		On Tuesday, Feb. 8 State Rep. Vernon Smith, D-Gary, also an associate professor of education at Indiana University Northwest, received the Welsh-Bowen Distinguished Public Official Award in recognition of his outstanding service and dedication to his constituents in northwest Indiana.
		Smith, a former Gary City Council member, was elected to the Indiana House of Representatives in 1990.
		Vernon Smith receives award from IU President Adam Herbert at HHE day on Feb. 8 in Indianapolis.
	www.iun.edu /~newsnw/pg/2005/050223_smith.shtml (271 words)

	The HistoryMakers
		Smith attended San Francisco State University, where he was a member of the school's Black Student Union and served as sports editor and columnist of the campus daily newspaper.
		Smith was assigned to the Detroit bureau where he learned from veteran writers Jim Jones and Jon Lowell.
		Smith was a contributor to My Soul Looks Back in Wonder: Voices of the Civil Rights Experience published in May of 2004 as part of the Voices of Civil Rights Project.
	www.thehistorymakers.com /biography/biography.asp?bioindex=1167&category=MediaMakers (428 words)

	George Mason University School of Law Current News: Vernon Smith Wins the Nobel Prize in Economics
		Smith has also spearheaded "wind-tunnel tests", where trials of new, alternative market designs - e.g., when deregulating electricity markets - are carried out in the lab before being implemented in practice.
		Vernon Smith discusses the Nobel prize with School of Law Dean Mark Grady.
		Vernon L. Smith – Prize Lecture "Constructivist and Ecological Rationality in Economics," December 8, 2002, at Aula Magna, Stockholm University.
	www.gmu.edu /departments/law/currnews/vernon-smith.html (408 words)

	Rep. Vernon Smith :: rss :: Jan. 29, 2007
		INDIANAPOLIS — State Rep. Vernon Smith (D-Gary) today proposed legislation that would end the inequities in how property taxes are distributed between traditional public and charter schools.
		Smith noted that charter school funding was a particular problem in urban areas, where traditional public school are receiving as little as 85% of their promised funds.
		Smith's legislation passed by a vote of 7-5 in committee.
	www.in.gov /legislative/homepages/R14/R14_20070130.html (345 words)

	Don Coursey, Vernon Smith, Economic Experiments, and the Visible Hand: Library of Economics and Liberty
		The committee noted that this award was based upon Smith "having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms." I join the committee in saluting Smith.
		Smith's second creative insight was that exploring these questions could not be done in an institutional vacuum.
		Smith's imagination was not limited to studying the extant taxonomy of market institutions.
	www.econlib.org /library/Columns/CourseyVSmith.html (2691 words)

	Vernon Smith Receives Nobel Prize Today - The Mason Gazette - George Mason University
		Vernon Smith, professor of law and economics at George Mason, will formally be awarded the 2002 Nobel Prize in Economic Sciences in ceremonies today at Stockholm University.
		Smith pioneered the field of experimental economics nearly 50 years ago and currently leads a team of economists at George Mason's Interdisciplinary Center for Economic Science.
		Smith shares the honor, which was announced nearly two months ago, with Princeton University professor Daniel Kahneman.
	gazette.gmu.edu /articles/4175 (155 words)

	Our Family
		Jettie Smith (1900-1996) was of one of the pioneer families in the Roscoe area, west of Abilene, Texas.
		She met Vernon Smith and they were married on January 17, 1921.
		Jettie and Vernon were grieved by the untimely death of their son Hollis in 1982 at age 50.
	gardenofpraise.com /family.htm (1349 words)

	Reason Magazine - The Experimental Economist
		Smith has found that even when people have no clear idea of how or why markets work, they nonetheless tend to be both savvy and surprisingly generous.
		Smith's professional odyssey began at Caltech, where he studied electrical engineering before getting a master's degree in economics at the University of Kansas in 1952 and a Ph.D. at Harvard in 1955.
		Smith: My socialist tendencies were starting to fade as I learned more about economics, first at the University of Kansas and then at Harvard.
	www.reason.com /hod/fe.ml.smith.shtml (3559 words)

	Mr. Smith goes to Stockholm
		Smith, a professor of economics and law at George Mason University, shares the prize with Daniel Kahneman, a professor of psychology at Princeton.
		Smith left Purdue in 1967, was at Brown University briefly, and then went to the University of Massachusetts.
		Smith recalls that while the gas stations in Pasadena were running low on gas, he and Plott would pass station after station in the desert that were overflowing with supply that they couldn’t sell because urban residents were passing up road trips for fear that there would be no gas available to get them home.
	pr.caltech.edu /periodicals/CaltechNews/articles/v36/vernon.html (1347 words)

	University Of Alaska, 'On The Move' Newsletter
		Dr. Vernon Smith, winner of the 2002 Nobel Prize in Economics is the first Rasmuson Chair in Economics at UAA.
		Smith is one of the pioneers in the field of experimental economics, and is a Professor of Economics and Law, as well as the founder and current director of the Interdisciplinary Center for Experimental Economics at George Mason University in Fairfax, Virginia.
		Smith was honored for pioneering the field of experimental economics and market design.
	www.alaska.edu /opa/eMove/index.xml?StoryID=271 (198 words)

	Nobel laureate, KU alum Vernon Smith to address business school graduates
		Smith received the Nobel Prize in economics in October 2002, along with Daniel Kahneman.
		"We are pleased to have Vernon Smith, a native Kansan and a Jayhawk, address our graduates and their families at the ceremony," said William L. Fuerst, dean of the business school.
		Smith is a professor of economics and law at George Mason University, a research scholar in the Interdisciplinary Center for Economic Science and a fellow of the Mercatus Center in Arlington, Va.
	www.news.ku.edu /2003/03N/MayNews/May14/smith.html (325 words)

	Vernon Smith's Insomnia and the Dawn of Economics as Experimental Science
		A retrospective on Vernon Smith's contributions to experimental economics, written for the Scandinavian Journal of Economics.
		This discussion of Vernon Smith's body of work in experimental economics was written for the Scandinavian Journal of Economics in commemoration of Vernon's Nobel Prize.
		Ted Bergstrom, "Vernon Smith's Insomnia and the Dawn of Economics as Experimental Science" (December 1, 2002).
	repositories.cdlib.org /ucsbecon/bergstrom/2003A (115 words)

	The experimental economist: Nobel laureate Vernon Smith takes markets places they've never been before - Vernon L. ...
		Smith has found that even when people have no clear idea of how or why markets work, they nonetheless tend to be both savvy and surprisingly generous.
		Smith's professional journey began at Caltech, where he studied electrical engineering before getting a master's degree in economics at the University of Kansas in 1952 and a Ph.D. at Harvard in 1955.
		Vernon Smith: I think a lot of market conventions and property rights come from norms that emerge through people's interactions.
	findarticles.com /p/articles/mi_m1568/is_7_34/ai_94775374 (949 words)

	Vernon Smith: Deregulate Electric Power Markets \| Daily Policy Digest \| NCPA
		The credit crunch in the U.S. electric power industry and California's flouts are both due to regulations limiting competition and distorting market incentives, says Vernon Smith, a recipient of the 2002 Nobel Memorial Prize in Economics.
		This is the crux of the California energy crisis, and a pattern repeated in the Midwest, South and East in the summers of 1998 to 2001.
		The answer is a deregulated retail market with restrictions on the entry of competing retail energy suppliers removed; a robust and well-structured two-sided spot market for wholesale power; and the freedom for customers to engage in whatever financial arrangements derived from that spot market that best suit their circumstances.
	www.ncpa.org /sub/dpd/index.php?page=article&Article_ID=6063 (341 words)

	neurodiversity.com \| vernon l. smith
		The presentation draws upon Professor Smith's lifetime contributions to the field of experimental economics, contributions that culminated in his achieving this highest level of recognition.
		Smith pioneered the field of experimental economics nearly 50 years ago and currently leads a team of economists at George Mason’s Interdisciplinary Center for Economic Science, in which students across related disciplines learn "by doing" through direct experience with market performance.
		The great accomplishment of Smith and his fellow experimentalists has been to convince the economics profession that economics can be an experimental science.
	www.neurodiversity.com /bio_smith.html (1612 words)

	The experimental economist: Nobel laureate Vernon Smith takes markets places they've never been before - Vernon L. ...
		Smith has found that even when people have no clear idea of how or why markets work, they nonetheless tend to be both savvy and surprisingly generous.
		Smith's professional journey began at Caltech, where he studied electrical engineering before getting a master's degree in economics at the University of Kansas in 1952 and a Ph.D. at Harvard in 1955.
		Vernon Smith: I think a lot of market conventions and property rights come from norms that emerge through people's interactions.
	www.findarticles.com /p/articles/mi_m1568/is_7_34/ai_94775374 (949 words)

	Mildest autism has 'selective advantages' - Business - MSNBC.com
		Smith received the Nobel Prize in 2002 for inventing the field of experimental economics, which uses laboratory methods to test economic theories.
		Smiths' wife, Candace, says it hard at times to understand why her husband can't be part of her emotional world.
		Smith says she's found comfort in the Asperger's label because it's helped put some of her husband's actions into perspective.
	www.msnbc.msn.com /id/7030731 (750 words)

	Vernon Smith exhibit of functional pottery
		Vernon Smith received his BFA in Ceramics from University of West Georgia.
		Vernon's work mirrors many qualities of the artist - they radiate a quiet charm, express informed decisions, and make a soft first impression followed by gradual understanding and appreciation as thoughtful details emerge.
		Vernon is inspired by the capacity of waves to measure and record energy in nature.
	www.mudfire.com /vernon-smith-2007.htm (638 words)

	Vernon Smith at Commonwealth North
		It is not from the benevolence of the butcher, the brewer or the baker that we obtain our dinner, but from their regard for their own interest…This division of labor…is not originally the effect of any human wisdom, which foresees and intends that general opulence to which it gives occasion.
		Vernon L. Smith is the recipient of the 2002 Nobel Prize in Economics, and sits as the Rasmuson Chair in Economics at the University of Alaska Anchorage for the academic year 2003-2004.
		Smith also is Chairman, Interdisciplinary Foundation for Research in Experimental Economics, and Professor of Economics and Law, George Mason University.
	www.commonwealthnorth.org /transcripts/smith03.html (2841 words)

	Dr. Vernon Smith (Site not responding. Last check: )
		Before 1956, when Dr. Smith completed his first experiment, economic theory assumed markets are efficient only with a large number of buyers and sellers.
		Smith is the founder and research scholar at the Interdisciplinary Center for Economic Science (ICES), a distinguished fellow of the American Economic Association, and a fellow at the American Academy of Arts and Sciences; he was elected a member of the National Academy of Sciences in 1995.
		He currently serves on the Board of Directors of the International Foundation for Research in Experimental Economics, an adjunct scholar at the Cato Institute, and is a research fellow and board member of the Mercatus Center.
	www.ers.usda.gov /abouters/taylorlecture/vernonsmith.htm (323 words)

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