Vernon L. Smith

American economist

Vernon Lomax Smith (born January 1, 1927) is an American professor of economics. He worked at Chapman University's Argyros School of Business and Economics and School of Law in Orange, California. Smith shared the 2002 Nobel Prize in Economics with Daniel Kahneman.

Vernon L. Smith
Vernon L. Smith 2011.jpg
Born (1927-01-01) January 1, 1927 (age 93)
NationalityUnited States
Scientific career
FieldsExperimental economics
InfluencesHayek, Richard S. Howey

He is the founder and president of the International Foundation for Research in Experimental Economics, a Member of the Board of Advisors for The Independent Institute, and a Senior Fellow at the Cato Institute in Washington D.C..

In 2004 Smith was honored with an honorary doctoral degree[1] at Universidad Francisco Marroquín, the institution that named the Vernon Smith Center for Experimental Economics Research after him.[2]


  1. Honorary Doctoral Degrees at Universidad Francisco Marroquín
  2. "El Centro Vernon Smith de Economía Experimental". Universidad Francisco Marroquín. Retrieved 2012-06-25.