Origins & Early Life

Vernon Lomax Smith (born January 1, 1927) is an American economist who is currently a professor of economics and law at Chapman University. He was formerly the McLellan/Regent's Professor of Economics at the University of Arizona, a professor of economics and law at George Mason University, and a board member of the Mercatus Center. Along with Daniel Kahneman, Smith won the 2002 Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics and his work in the field of experimental economics, which helped establish "laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms." Smith is the founder and president of the International Foundation for Research in Experimental Economics (IFREEE), a member of the Independent Institute's board of advisors, and a senior fellow at the Cato Institute in Washington D.C. He was elected a Fellow of the Econometric Society in 1987, and was elected to the National Academy of Sciences in 1995.

Pivotal Works & Achievements

In 2004, Smith was awarded an honorary doctorate by the Universidad Francisco Marroquín, where the Vernon Smith Center for Experimental Economics Research is named for him....

Enduring Legacy & Impact

The historical impact and works continue to influence the modern world.

Contemporary Figures & Related Historical Timelines

• Al Martino — Contemporary (Born in 1927) (1927): Iconic Italian-American crooner, celebrated for standards and his role in The Godfather.
• Antônio Carlos Jobim — Contemporary (Born in 1927) (1927): Pioneering composer of Bossa Nova, merging samba with cool jazz.
• Barbara Cook — Contemporary (Born in 1927) (1927): Iconic American actress and singer, celebrated for Broadway and cabaret artistry.
• Arthur Hugh Clough — Shared historical date (01-01 · Born) (1819): English poet and educationalist, known for 'The Bothie of Toper-na-fuosich'
• Baldwin I of Jerusalem — Shared historical date (01-01 · Born) (1058): Founder of the County of Edessa and King of Jerusalem during the First Crusade.
• Bhumibol Adulyadej — Historical peer (Born in 1927) (1927): The longest-reigning monarch of Thailand, guiding the nation through profound modern transformations.
• Bob Fosse — Historical peer (Born in 1927) (1927): Influential American choreographer and director known for jazz dance.
• Abba Eban — Historical peer (Died in 2002) (2002): Israeli diplomat, politician, and scholar of Arabic and Hebrew languages.
• Astrid Lindgren — Historical peer (Died in 2002) (2002): Iconic Swedish children's author, celebrated for imaginative tales and advocacy.
• Aaron Carter — Historical peer (Born in 1987) (1987): American singer and rapper known for teen pop stardom and enduring musical career.
• 1927 Historical Timeline & Archive — Explore world events and figures from 1927
• January 1 (01-01) On This Day — Historical birthdays and events on January 1