Vernon Lomax Smith (born January 1, 1927) is an American economist and professor of business economics and law at Chapman University.
He was formerly a professor of economics and law at George Mason University, and a board member of the Mercatus Center.
He was also a founding board member of the Center for Growth and Opportunity at Utah State University.Smith shared the 2002 Nobel Memorial Prize in Economic Sciences with Daniel Kahneman for his contributions to Behavioral Economics.Smith is the founder and president of the International Foundation for Research in Experimental Economics, a Member of the Board of Advisors for The Independent Institute, a Senior Fellow at the Cato Institute in Washington D.C..
In 2004 Smith was honored with an honorary doctoral degree at Universidad Francisco MarroquÃn, the institution that named the Vernon Smith Center for Experimental Economics Research after him.