Vernon L. Smith Quotes

A collection of quotes by Vernon L. Smith.

Vernon L. Smith is an American economist and professor who was born on January 1, 1927. He is known for his pioneering work in experimental economics, which involves conducting controlled experiments to study economic behavior and theories. Smith received the Nobel Memorial Prize in Economic Sciences in 2002 for his contributions to the field. He has taught at various prestigious institutions, including the University of Arizona and Chapman University. Throughout his career, Smith has made significant contributions to the understanding of market behavior and the role of institutions in economic systems.

I gradually became persuaded that the subjects, without inte

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. Smith

Truth Literature