Vernon L. Smith


Vernon L. Smith, Nobel Prize winner in economics, 2002, is a Professor of Economics and Law at Chapman University, a Research Scholar at the Interdisciplinary Center for Economic Science, and a Fellow of the Mercatus Center at George Mason University.

Dr. Smith serves or has served on the board of editors of the American Economic Review, the Cato Journal, Journal of Economic Behavior and Organization, the Journal of Risk and Uncertainty, Science, Economic Theory, Economic Design, Games and Economic Behavior, and the Journal of Economic Methodology.

Dr. Smith is past president of the Public Choice Society, the Economic Science Association, the Western Economic Association and the Association for Private Enterprise Education. Previous faculty appointments include the University of Arizona, Purdue, Brown University and the University of Massachusetts. He has been a Ford Foundation Fellow, Fellow of the Center for Advanced Study in the Behavioral Sciences and a Sherman Fairchild Distinguished Scholar at the California Institute of Technology.

Dr. Smith is a distinguished fellow of the American Economic Association, an Andersen Consulting Professor of the Year, the 1995 Adam Smith award recipient conferred by the Association for Private Enterprise Education. He was elected a member of the National Academy of Sciences in 1995, and received California Institute of Technology’s distinguished alumni award in 1996. He has served as a consultant on the privatization of electric power in Australia and New Zealand and participated in numerous private and public discussions of energy deregulation in the United States. In 1997 he served as a Blue Ribbon Panel Member, National Electric Reliability Council.

Dr. Smith received his B.S. degree in electrical engineering from California Institute of Technology, and his Ph.D in economics from Harvard. He has authored or co-authored over 300 articles and books on capital theory, finance, natural resource economics, and experimental economics.