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Economics of Natural and Environmental Resources.Vernon L. Smith
Clifford S. Russell
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The energy behind Vernon Smith's experimental economics
Cambridge Journal of Economics, 2007This paper begins with the interplay of the induced value theory and the Hayek hypothesis, and subsequently suggests that we need to understand Vernon Smith's experimental method as not simply empirical, but encompassing a commitment to a special version of neoclassical demand theory.
Kyu Sang Lee, Philip Mirowski
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Sentiments and Motivations in Adam Smith and Vernon Smith
Forum for Social Economics, 2013Vernon Smith (VS) discovered Adam Smith (AS) late in his professional career, and has adopted ideas from The Theory of Moral Sentiments to explain findings in experimental economics. Most important is the theorized link between moral sentiments and the evolution of property rights and law as foundations for commerce.
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