“As Einstein once said, “It is the theory which decides what can be observed.” But I must add that prior to theory there is what we call “thinking”—a systematic form of consciousness deeply driven by the unconscious that enables understanding… — Vernon L. Smith Copy Share Image
After graduating in engineering I went to the University of Kansas to get an MA in economics as a vehicle for allowing me to… — Vernon L. Smith Copy Share Image
I gradually became persuaded that the subjects, without intending to, had revealed to me a basic truth about markets that was foreign to the… — Vernon L. Smith Copy Share Image
In 1941 I finished at Allison Intermediate School (grades 7-9), and started at North High School, commuting by bicycle about 5 miles from home to school. — Vernon L. Smith Copy Share Image
Yes, long hours and a hard life for my parents, but for a six to seven year old every new day dawned with fresh… — Vernon L. Smith Copy Share Image
“As Einstein once said, “It is the theory which decides what can be observed.” But I must add that prior to theory there is… — Vernon L. Smith Copy Share Image
Hayek, in my view, is the leading economic thinker of the 20th century. — Vernon L. Smith Copy Share Image
I still have my original social security card signed when I was 13. — Vernon L. Smith Copy Share Image
I can still memory - taste the fresh buttermilk pancakes and hot buttermilk biscuits - both made with lard! - that were cooked on… — Vernon L. Smith Copy Share Image
In the 9th grade I began my first wage work for the West Side Drug store delivering prescriptions and sundries on my bicycle to… — Vernon L. Smith Copy Share Image
After my stellar first grade academic achievements, I continued to perform well in the city primary schools - except for penmanship, which was not… — Vernon L. Smith Copy Share Image
