I Gradually Became Persuaded That The Subjects, Without Intending To, Had Revealed To Me A Basic Truth About Markets That Was Foreign To The Literature Of Economics.

I gradually became persuaded that the subjects, without intending to, had revealed to me a basic truth about markets that was foreign to the literature of economics.

Vernon L Smith

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I can still memory - taste the fresh buttermilk pancakes and hot buttermilk biscuits - both made with lard! - that were cooked on the top, or in the oven, of that ancient iron stove.

Vernon L Smith

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Caltech was a meat grinder like I could never have imagined.

Vernon L Smith

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After my stellar first grade academic achievements, I continued to perform well in the city primary schools - except for penmanship, which was not my forte.

Vernon L Smith

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After graduating in engineering I went to the University of Kansas to get an MA in economics as a vehicle for allowing me to decide if I wanted to continue in economics.

Vernon L Smith

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