Vernon Smith

Vernon Smith
  • Discipline: Professor of Economics
  • Organization: George Mason University


Dr. Vernon Smith is professor of economics at George Mason University as well as the director of the Interdisciplinary Center for Economic Science (ICES). He is a true pioneer in the field of applied and experimental economics, whose work has transformed economics from a theoretical discipline into an observable science. He has authored or co-authored over 200 articles and books on Capital theory, finance, natural resource and experimental economics. In recognition of his contribution to economics, he was named 2002 winner of the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel – the Nobel Prize in Economics.

In addition, Professor Smith has served on the board of editors for the American Economic Review, The Journal of Economic Behavior and Organization, The Journal of Risk and Uncertainty, The Journal of Games and Economic Behavior, and The Journal of Economic Methodology.

Smith is a distinguished fellow of the American Economic Association, and was elected a member of the National Academy of Sciences in 1995. He received Cal Tech's distinguished alumni award in 1996 and has consulted on the privatization of electric power in Australia and New Zealand and participated in numerous private and public discussions of energy deregulation in the United States. Vernon has served as faculty on IHS programs including our Koch Summer Fellowship program.

Prof. Smith received his bachelor degree in electrical engineering from the California Institute of Technology (Cal Tech) and his Ph.D. in economics from Harvard University.