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"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."
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"What then in the last resort are the truths of mankind? They are the irrefutable errors of mankind."
"Integrity means that we are trustworthy and dependable, and our character is above reproach."
"Telling lies is a really terrible thing. These days, lies and silence are the two greatest sins in human society you might say. In reality, we tell lots of lies, and we often break into silence. However, if we were constant;y talking year-round, and telling only the truth truth would probably lose some of its value."
"Both my parents had a great influence on me. I never heard my father use a profane or even a slang word. I always respected him because of his complete integrity. In his business dealings his handshake was like a contract. He was as good as his word. Of all the people I have ever known, my mother had the greatest influence on me."
Explore more quotes by Vernon L. Smith
"In the 9th grade I began my first wage work for the West Side Drug store delivering prescriptions and sundries on my bicycle to customers who called in orders."
"After my stellar first grade academic achievements, I continued to perform well in the city primary schools - except for penmanship, which was not my forte."
"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."
"In 1941 I finished at Allison Intermediate School (grades 7-9), and started at North High School, commuting by bicycle about 5 miles from home to school."
"I can still memory - taste the fresh buttermilk pancakes and hot buttermilk biscuits - both made with lard! - that were cooked on the top, or in the oven, of that ancient iron stove."
"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."
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