Vernon L. Smith Biography
Vernon L. Smith was born in the flat plains of Wichita, Kansas during the boom years preceding the Great Depression, January 1, 1927. Born to politically active parents – and an avowedly Socialist mother who revered Eugene Debs – Vernon Smith’s early ideological indoctrination would prove pivotal to his attraction to the economic sciences.
While earning his bachelor’s degree in electrical engineering at the California Institute of Technology in 1949 Smith took a general economics course. Intrigued, Smith pursued the science, receiving a Masters in Economics from the University of Kansas in 1952 and a Ph.D. from Harvard University in 1955.
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