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Vernon L. Smith
Senior Fellow
Cato Senior Fellow 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.
Dr. Smith has authored or co-authored more than 250 articles and books on capital theory, finance, natural resource economics and experimental economics. He 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 a distinguished fellow of the American Economic Association, an Andersen Consulting Professor of the Year, and 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 CalTech'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 completed his undergraduate degree in electrical engineering at the California Institute of Technology, his master's degree in economics at the University of Kansas, and his Ph.D. in economics at Harvard University.
Media Contact: 202-789-5200
To Book a Speaking Engagement: 202-789-5226
Cato Studies
"How and Why to Privatize Federal Lands," by Terry L. Anderson, Vernon L. Smith and Emily Simmons, Policy Analysis no. 363, December 9, 1999.
Articles and Newsletters
"Using Experiments to Inform the Privatization/Deregulation Movement in Electricity," by Stephen J.Rassenti,Vernon L.Smith, and Bart J.Wilson, Cato Journal 21:3, Winter 2002, pp. 11.
"LEMs and Rents," Regulation Magazine 25:1, Summer 2002, pp. 1.
"California Crisis: Turning Off the Lights," by Stephen J.Rassenti,Vernon L.Smith,and Bart J.Wilson, Regulation Magazine 24:3, Fall 2001, pp. 20.
"Regulatory Reform in the Electric Power Industry," by Vernon L. Smith, Regulation Magazine 19:1, Winter 1996.
"Reflections on Human Action After 50 Years," Cato Journal 19:2, Spring 1996, pp. 20.
Opinion and Commentary
"From Bubble to Depression?," by Steven Gjerstad and Vernon L. Smith, The Wall Street Journal, April 6, 2009
"Cato Adjunct Scholar (and Nobel Prize Winner) Gives Thanks," ZDNetIndia.com, December 10, 2002
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