Smith, Vernon L.

Alternative names
Birth 1927-01-01

Biographical notes:

Economist and faculty member at the University of Arizona.

From the description of Papers, [ca. 1950]-1999. (Duke University Library). WorldCat record id: 82631968

Lawyer, librarian and lecturer at School of Law, University of California from 1939 until his death in 1959.

From the description of Vernon M. Smith papers, 1931-1956 (bulk 1942-1945). (University of California, Berkeley). WorldCat record id: 26643545

Economist and faculty member at the University of Arizona specializing in experimental economics, price behavior, and game theory.

From the description of Vernon L. Smith papers, 1938-2007 and undated. (Duke University Library). WorldCat record id: 37687190

January 1, 1927 Born in Tucson, Arizona 1949 B.S.E.E., California Institute of Technology 1952 M.A., University of Kansas 1955 Received Ph.D. from Harvard University 1951 1952 Appointed as Instructor of Economics, University of Kansas 1954 1955 Served as Economist, Harvard Economics Research Project 1955 1967 Professor, Purdue University 1957 Publication of On the Use of Engineering Data and Statistical Techniques in the Analysis of Production and Technological Change: Fuel Requirements in the Trucking Industry,Econometrica 1957 1959 Research Consultant, RAND Corporation 1958 Publication with K. David and J. Wiley of Economics: An Analytical Approach, 1958 1959 Faculty Research Fellow, Ford Foundation 1961 Publication of Investment and Production, Harvard University Press 1962 While a visiting professor at Stanford University, published An Experimental Study of Market Behavior, in the Journal of Political Economy, considered a landmark paper on experimental economics 1967 1968 Professor, Brown University 1968 1975 Professor, University of Massachusetts 1976 2002 Professor, University of Arizona 1977 The Principle of Unanimity and Voluntary Consent in Social Choice published in the Journal of Political Economy, pioneering the systematic study of institutional design for public choice decisions 1979 Published Research in Experimental Economics, Vol. 1, as editor, Greenwich: JAI Press 1982 Publication of Research in Experimental Economics, Vol. 2 1983 Editorial Board of The Cato Journal 1985 Associate Editor, Journal of Economic Behavior and Organization 1985 Publication of Research in Experimental Economics, Vol. 3, editor, Greenwich JAI Press, 1985 1986 1987 Founding President, Economic Science Association 1986 2001 Served as Research Director, Economics Science Laboratory (ESL) at University of Arizona 1992 Editorial and Advisory Boards, Economic Theory 1993 Consultant and lecturer, Prospect Electricity, Australia, on privatizing electric power 1994 The 1994 Preferences, Property Rights and Anonymity in Bargaining Games in Games and Economic Behavior is considered seminal to the systematic study of personal exchange 2001 Joined the faculty of George Mason University, along with other colleagues from the ESL at Arizona Director of the Interdisciplinary Center for Experimental Science (ICES) at George Mason University 2002 Awarded Nobel Memorial Prize in Economic Sciences for his work on empirical economic analysis, especially related to alternative market mechanisms; shared prize with Daniel Kahneman of Princeton 2008 Founded the Economic Science Institute at Chapman University in Orange, California

From the guide to the Vernon L. Smith Papers, 1938-2007 and undated, (David M. Rubenstein Rare Book & Manuscript Library, Duke University)

Biographical notes are generated from the bibliographic and archival source records supplied by data contributors.


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Constellation Information



  • Production
  • Law librarians
  • Economics--Psychological aspects
  • Markets
  • Economists--Correspondence
  • Economics--Simulation methods
  • Economics--Study and teaching
  • Game theory
  • Prices
  • Capital investments
  • University of Arizona. Faculty
  • Auctions--Economic aspects
  • Economics--Methodology
  • Public utilities--Prices
  • Public utilities--Economic aspects
  • Economics--Research


  • Photographer


  • California--Berkeley (as recorded)
  • United States (as recorded)
  • United States (as recorded)