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Vernon L. Smith, an American economist, was awarded the Nobel Prize in Economic Sciences for his pioneering work in experimental economics. His research helped to shape our understanding of market behavior and the ways in which real-world economics function. Smith's work has had a profound impact on economics and continues to influence the way we approach economic theory. His legacy inspires future economists to embrace innovation and critical thinking, showing that bold ideas can transform entire fields of study.

"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."



"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."



"Yes, long hours and a hard life for my parents, but for a six to seven year old every new day dawned with fresh excitement when you have not a care in the world, and so much to learn and witness."


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