Skip to main content

From City Lights to Starlight

  • Chapter
  • First Online:
A Life of Experimental Economics, Volume I
  • 278 Accesses

Abstract

Abruptly though not unexpectedly my father was laid off from his work in 1932 as the Depression of 1929 deepened beyond all hope of an early bounce-back. When Grover was killed, my mother had received a railroad life insurance payment that my parents invested in a 160-acre farm about 45 miles southeast of Wichita near Milan Kansas. I became a farm boy at age 5 for most of two years that will leave an indelible mark on me that I still carry. Difficult economic years for my parents will be truly wonderful years for me, learning about animals, cooking, gardens, home canning, milking, Coleman lanterns, fence mending, and first-grade class in a one-room schoolhouse under the tutelage of my teacher, Mr. Hemburger. He was in charge of an extinct, highly functional, fully decentralized American institution, whose light penetrated well into the twentieth century. A predominantly centralized top-down public education system has replaced that institution, and its decentralized urban multiple room counterpart. For economists, as much a part of the problem as the solution, education is a public good, thought to require government for its efficient production. That proposition would fail as authority gradually passed from teachers and principals to superintendents and the Department of Education.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

eBook
USD 19.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 29.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Notes

  1. 1.

    See “Edwin L. Drake and the Birth of the Modern Petroleum Industry,” Pennsylvania Historical Museum Commission, http://www.phmc.state.pa.us/ppet/edwin/.

  2. 2.

    See http://online.wsj.com/news/articles/SB10001424052702303948104579535983960826054.

  3. 3.

    Ann Gibbons, “How Europeans Evolved White Skin.” Science, April 2, 2015. https://doi.org/10.1126/science.aab2435.

  4. 4.

    Read more at http://www.snopes.com/holidays/easter/easterlore.asp#vfB8TgmEHFev80dh.99.

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Vernon L. Smith .

Rights and permissions

Reprints and permissions

Copyright information

© 2018 The Author(s)

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Smith, V.L. (2018). From City Lights to Starlight. In: A Life of Experimental Economics, Volume I. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-98404-9_4

Download citation

  • DOI: https://doi.org/10.1007/978-3-319-98404-9_4

  • Published:

  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-319-98403-2

  • Online ISBN: 978-3-319-98404-9

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

Publish with us

Policies and ethics