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Vernon Smith
Professor of Law and Economics, Chapman University School of Law
Dr. Vernon L. Smith was awarded the Nobel Prize in Economic Sciences in 2002 for his groundbreaking work in experimental economics. Dr. Smith has joint appointments with the Argyros School of Business & Economics and the School of Law, and he is part of a team that will create and run the new Economic Science Institute at Chapman.
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7 min
1700s economic principles predicted Uber. A Nobel Prize-winning economist explains why.
Institute for Humane Studies
6 min
Nobel Prize winning economist Vernon Smith says the question is, how do you achieve just a bit without getting too much?
18 min
The mortgage market indicated that what the banks faced was a solvency problem, not just a liquidity problem, says Nobel Laureate Vernon Smith.
5 min
Vernon Smith sees an age of people creating derivatives markets on public policy outcomes.
14 min
We forgot the lesson of the ‘roaring 20’s’ in the case of the housing markets and that’s what caused a recurrence; you see of a lot of the same conditions […]
2 min
Even though the circumstances would be foreign to him, the great Austrian economist wouldn’t be surprised.
11 min
Economist Vernon Smith has said that most bubbles do not bring down the entire economy when they pop. So what happened this time?