Dr. Vernon L. Smith was awarded the Nobel Prize in Economic Sciences in 2002 for his groundbreaking work in experimental economics. Dr. Smith has joint appointments with the Argyros School of Business & Economics and the School of Law, and he is part of a team that will create and run the new Economic Science Institute at Chapman.
Dr. Smith has authored or co-authored more than 250 articles and books on capital theory, finance, natural resource economics and experimental economics. He serves or has served on the board of editors of the American Economic Review, The Cato Journal, Journal of Economic Behavior and Organization, the Journal of Risk and Uncertainty, Science, Economic Theory, Economic Design, Games and Economic Behavior, and the Journal of Economic Methodology.
Dr. Smith is a distinguished fellow of the American Economic Association, an Andersen Consulting Professor of the Year, and the 1995 Adam Smith Award recipient conferred by the Association for Private Enterprise Education. He was elected a member of the National Academy of Sciences in 1995, and received CalTech's distinguished alumni award in 1996. He has served as a consultant on the privatization of electric power in Australia and New Zealand and participated in numerous private and public discussions of energy deregulation in the United States. In 1997 he served as a Blue Ribbon Panel Member, National Electric Reliability Council.
Dr. Smith completed his undergraduate degree in electrical engineering at the California Institute of Technology, his master's degree in economics at the University of Kansas, and his Ph.D. in economics at Harvard University. He was a member of the Expert Panel for Copenhagen Consensus 2004 and Copenhagen Consensus 2008.
The Copenhagen Consensus Center has commissioned research papers from specialist climate economists, outlining the costs and benefits of each way to respond to global warming.
To help promote discussion about the best response to global warming, the Copenhagen Consensus Center has assembled an Expert Panel of stellar economists to consider the research presented here.
The five world-class economists – including three recipients of the Nobel Prize – are specialists in analyzing costs and benefits. They will meet in September to consider the research presented here, engage with the authors, and will then form conclusions about which solutions to climate change are the most promising.
