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A Life of Experimental Economics, Volume I

Forty Years of Discovery

  • Vernon L. Smith

Table of contents

  1. Front Matter
    Pages i-xxii
  2. Vernon L. Smith
    Pages 1-11
  3. Beginings and Launching

    1. Front Matter
      Pages 13-14
    2. Vernon L. Smith
      Pages 15-23
    3. Vernon L. Smith
      Pages 25-35
    4. Vernon L. Smith
      Pages 37-60
    5. Vernon L. Smith
      Pages 61-87
    6. Vernon L. Smith
      Pages 89-109
    7. Vernon L. Smith
      Pages 135-147
    8. Vernon L. Smith
      Pages 149-174
    9. Vernon L. Smith
      Pages 175-189
  4. The Purdue Years

    1. Front Matter
      Pages 191-191
    2. Vernon L. Smith
      Pages 193-226
    3. Vernon L. Smith
      Pages 227-262
  5. Back Matter
    Pages 263-270

About this book

Introduction

This book provides an intimate history of Nobel Laureate Vernon Smith’s early life, combining elements of biography, history, economics and philosophy to show how crucial incidents early in his life provided the necessary framework for his research into experimental economics. Smith takes the reader from his family roots on the railroads and oil fields of Middle America to his early life on a farm in Depression-wracked Kansas. A mediocre student in high school, Smith attended Friends University, on Wichita’s west side, where an intense study of mathematics, physics, chemistry, and astronomy enabled him to pass the examinations to enter Caltech and study under luminary scientists like Linus Pauling. Eventually Smith discovered economics and pursued graduate study in the field at University of Kansas and Harvard. This volume ends with his Camelot years at Purdue, where he began his famous work in experimental economics, nurturing his research into an unlikely new field of economics.

Keywords

vernon smith experimental economics nobel prize alternative market mechanisms memoir chapman university kansas computerization asset trading markets price bubble supply and demand economic history

Authors and affiliations

  • Vernon L. Smith
    • 1
  1. 1.Economic Science InstituteChapman UniversityOrangeUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-98404-9
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2018
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-98403-2
  • Online ISBN 978-3-319-98404-9
  • Buy this book on publisher's site
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