Vernon L. Smith (railroader)
   HOME





Vernon L. Smith (railroader)
Vernon Lomax Smith (born January 1, 1927) is an American economist who is currently a professor of economics and law at Chapman University. He was formerly the McLellan/Regent's Professor of Economics at the University of Arizona, a professor of economics and law at George Mason University, and a board member of the Mercatus Center. Along with Daniel Kahneman, Smith won the 2002 Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics and his work in the field of experimental economics, which helped establish “laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms”. Smith is the founder and president of the International Foundation for Research in Experimental Economics (IFREEE), a member of the Independent Institute’s board of advisors, and a senior fellow at the Cato Institute in Washington D.C. He was elected a Fellow of the Econometric Society in 1987, and was elected to th ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


New Classical Economics
New classical macroeconomics, sometimes simply called new classical economics, is a school of thought in macroeconomics that builds its analysis entirely on a neoclassical economics, neoclassical framework. Specifically, it emphasizes the importance of foundations based on microeconomics, especially rational expectations. New classical macroeconomics strives to provide neoclassical microeconomic foundations for macroeconomic analysis. This is in contrast with its rival New Keynesian economics, new Keynesian school that uses microfoundations, such as Sticky (economics), price stickiness and imperfect competition, to generate macroeconomic models similar to earlier, Keynesian ones. History Classical economics is the term used for the first modern school of economics. The publication of Adam Smith's ''The Wealth of Nations'' in 1776 is considered to be the birth of the school. Perhaps the central idea behind it is on the ability of the market to be self-correcting as well as bei ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


Mercatus Center
The Mercatus Center is an American libertarian, free-market-oriented non-profit think tank. The Mercatus Center is located at the George Mason University campus, but it is privately funded and its employees are independent of the university. It is directed by Benjamin Klutsey and its board is chaired by American economist Tyler Cowen. The Center works with policy experts, lobbyists, and government officials to connect academic learning with real-world practice. Taking its name from the Latin word for ''market'', the center advocates free-market approaches to public policy. During the George W. Bush administration's campaign to reduce government regulation, ''The Wall Street Journal'' reported, "14 of the 23 rules the White House chose for its 'hit list' to eliminate or modify were Mercatus entries". According to the ''2017 Global Go To Think Tank Index Report'' ( Think Tanks and Civil Societies Program, University of Pennsylvania), Mercatus is number 39 in the "Top Think Tanks ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Florida Atlantic University
Florida Atlantic University (Florida Atlantic or FAU) is a Public university, public research university with its main campus in Boca Raton, Florida, United States. The university is a member of the State University System of Florida and has satellite campuses in Dania Beach, Florida, Dania Beach, Davie, Florida, Davie, Fort Lauderdale, Florida, Fort Lauderdale, Jupiter, Florida, Jupiter, and Fort Pierce, Florida, Fort Pierce. FAU was established as Florida's fifth public university and is Carnegie Classification of Institutions of Higher Education, classified among "R1: Doctoral Universities – Very high research activity". FAU has quickly grown to become one of the largest institutions in the state by enrollment. Florida Atlantic offers more than 180 undergraduate and graduate degree programs within its 10 colleges. The university is accredited by the Southern Association of Colleges and Schools (SACS). FAU opened in 1964 as the first public university in the Miami metropol ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


Universidad Francisco Marroquín
Francisco Marroquín University ( Spanish: ''Universidad Francisco Marroquín''), also known by the abbreviation UFM, is a private, secular university in Guatemala City, Guatemala. It describes its mission as "to teach and disseminate the ethical, legal, and economic principles of a society of free and responsible persons." Founded Manuel Ayau, in an attempt to counter what he perceived as "socialist" ideology at other universities in the country, Universidad Francisco Marroquín promotes libertarian ideology, and Milton Friedman once called it "one of the leading universities in Latin America." History It was founded in 1971 by Manuel Ayau, known as Muso. Its namesake is Francisco Marroquín, an early bishop of Guatemala, educator and defender of the rights of the indigenous people. Started by members of Center for Economic and Social Studies with $40,000 and 125 students, UFM counted 2700 students in 2023. The philosophy statement says that "universities need to place themselv ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Honorary Degree
An honorary degree is an academic degree for which a university (or other degree-awarding institution) has waived all of the usual requirements. It is also known by the Latin phrases ''honoris causa'' ("for the sake of the honour") or '' ad honorem '' ("to the honour"). The degree is typically a doctorate or, less commonly, a master's degree, and may be awarded to someone who has no prior connection with the academic institution or no previous postsecondary education. An example of identifying a recipient of this award is as follows: Doctorate in Business Administration (''Hon. Causa''). The degree is often conferred as a way of honouring a distinguished visitor's contributions to a specific field or to society in general. Honorary doctorates are purely titular degrees in that they confer no rights on the recipient and carry with them no formal academic qualification. As such, it is always expected that such degrees be listed in one's curriculum vitae (CV) as an award, a ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

National Academy Of Sciences
The National Academy of Sciences (NAS) is a United States nonprofit, NGO, non-governmental organization. NAS is part of the National Academies of Sciences, Engineering, and Medicine, along with the National Academy of Engineering (NAE) and the National Academy of Medicine (NAM). As a national academy, new members of the organization are elected annually by current members, based on their distinguished and continuing achievements in original research. Election to the National Academy is one of the highest honors in the scientific field in the United States. Member of the National Academy of Sciences, Members of the National Academy of Sciences serve ''pro bono'' as "advisers to the nation" on science, engineering, and medicine. The group holds a congressional charter under Title 36 of the United States Code. Congress legislated and President Abraham Lincoln signed an Act of Congress (1863) establishing the National Academy of Sciences as an independent, trusted nongovernmen ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  




Econometric Society
The Econometric Society is an international society of academic economists interested in applying statistical tools in the practice of econometrics. It is an independent organization with no connections to societies of professional mathematicians or statisticians. It was founded on December 29, 1930, at the Statler Hotel in Cleveland, Ohio. Its first president was Irving Fisher. As of 2014, there are about 700 elected fellows of the Econometric Society, making it one of the most prevalent research affiliations. New fellows are elected each year by the current fellows. The sixteen founding members were Ragnar Frisch, Charles F. Roos, Joseph A. Schumpeter, Harold Hotelling, Henry Schultz, Karl Menger, Edwin B. Wilson, Frederick C. Mills, William F. Ogburn, J. Harvey Rogers, Malcolm C. Rorty, Carl Snyder, Walter A. Shewhart, Øystein Ore, Ingvar Wedervang and Norbert Wiener. The Econometric Society sponsors the economics academic journal ''Econometrica ''Econometrica ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


List Of Fellows Of The Econometric Society
In the scientific discipline of economics, the Econometric Society is a learned society devoted to the advancement of economics by using mathematical and statistical methods. This article is a list of its (current and in memory) fellows. Fellows 1933 * Luigi Amoroso * Oskar N. Anderson * * * A. L. Bowley * Clément Colson * Gustavo Del Vecchio * François Divisia * Griffith C. Evans * Irving Fisher * Ragnar Frisch * Corrado Gini * Gottfried Haberler * Harold Hotelling * John M. Keynes * N. D. Kondratiev * Wesley C. Mitchell * H. L. Moore * Umberto Ricci * Charles F. Roos * M. Jacques Rueff * * Henry Schultz * Joseph A. Schumpeter * J. Tinbergen * Felice Vinci * Edwin B. Wilson * * Frederik Zeuthen 1935 * R. G. D. Allen * Costantino Bresciani Turroni * Mordecai Ezekiel * J. Marschak 1937 * Alfred Cowles 3rd * J. R. Hicks * Giorgio Mortara * René Roy * Hans Staehle 1939 * Oskar Lange * Wassily Leontief * Josiah Charles Stamp * Theodore ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


Washington D
Washington most commonly refers to: * George Washington (1732–1799), the first president of the United States * Washington (state), a state in the Pacific Northwest of the United States * Washington, D.C., the capital of the United States ** A metonym for the federal government of the United States ** Washington metropolitan area, the metropolitan area centered on Washington, D.C. Washington may also refer to: Places England * Washington Old Hall, ancestral home of the family of George Washington * Washington, Tyne and Wear, a town in the City of Sunderland metropolitan borough * Washington, West Sussex, a village and civil parish Greenland * Cape Washington, Greenland * Washington Land Philippines *New Washington, Aklan, a municipality *Washington, a barangay in Catarman, Northern Samar *Washington, a barangay in Escalante, Negros Occidental *Washington, a barangay in San Jacinto, Masbate *Washington, a barangay in Surigao City United States * Fort Washington (disambiguati ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Cato Institute
The Cato Institute is an American libertarian think tank headquartered in Washington, D.C. It was founded in 1977 by Ed Crane, Murray Rothbard, and Charles Koch, chairman of the board and chief executive officer of Koch Industries.Koch Industries is the second largest privately held company by revenue in the United States. Cato was established to focus on public advocacy, media exposure, and societal influence. Cato advocates for a limited governmental role in domestic and foreign affairs and strong protection of civil liberties, including support for lowering or abolishing most taxes, opposition to the Federal Reserve system and the Affordable Care Act, the privatization of numerous government agencies and programs including Social Security and the United States Postal Service, demilitarization of the police, open borders and adhering to a non-interventionist foreign policy. According to the 2019 Global ''Go to Think Tank Index Report'' (revised June 2020, Thin ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


Independent Institute
The Independent Institute is an American libertarian think tank founded in 1986 by David J. Theroux and based in Oakland, California. The institute has more than 140 research fellows and is organized into seven centers addressing a range of political, social, economic, legal, environmental, and foreign policy issues. The Independent Institute publishes books, reports, blogs, podcasts, and the quarterly scholarly journal '' The Independent Review.'' History The think tank was originally established in San Francisco, was re-located in 1989 to Oakland, and since 2006 has had an office in Washington, D.C. According to the ''2020 Global Go To Think Tank Index Report'' ( Think Tanks and Civil Societies Program, University of Pennsylvania), the institute is ranked number 42 (of 110) in the "Top Think Tanks in the United States". Publications and programs Since 1996, the institute has published the quarterly scholarly journal '' The Independent Review'', whose founding editor and ed ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  




International Foundation For Research In Experimental Economics
International is an adjective (also used as a noun) meaning "between nations". International may also refer to: Music Albums * ''International'' (Kevin Michael album), 2011 * ''International'' (New Order album), 2002 * ''International'' (The Three Degrees album), 1975 *''International'', 2018 album by L'Algérino Songs * The Internationale, the left-wing anthem * "International" (Chase & Status song), 2014 * "International", by Adventures in Stereo from ''Monomania'', 2000 * "International", by Brass Construction from ''Renegades'', 1984 * "International", by Thomas Leer from ''The Scale of Ten'', 1985 * "International", by Kevin Michael from ''International'' (Kevin Michael album), 2011 * "International", by McGuinness Flint from ''McGuinness Flint'', 1970 * "International", by Orchestral Manoeuvres in the Dark from '' Dazzle Ships'', 1983 * "International (Serious)", by Estelle from '' All of Me'', 2012 Politics * Internationalism (politics) * Political international, any ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]