Economic Rockstar

Dr. Vernon L. Smith was awarded the Nobel Prize in Economic Sciences in 2002 for his groundbreaking work in experimental economics. He has joint appointments with the Argyros School of Business & Economics and the Fowler School of Law, and 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 300 articles and books on capital theory, finance, natural resource economics and experimental economics. In this episode, Professor Smith discusses: What life was like growing up in Wichita, Kansas during the Great Depression. How he was schooled during his early formative years by an immigrant German teacher. The roles of his parents in influencing Vernon’s beliefs, morals and hard working ethics. His role during World War II as an employee of Boeing. A story of overcoming adversity and being exposed to innovation and entrepreneurial activity. How electrification during the Roosevelt Administration in the 1930s ended the use of the