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Vernon L. Smith

"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."

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"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."

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Asa Don Brown

"Since we took office, inflation, the fiscal deficit and the balance of payments current account deficit have all fallen. GDP growth, foreign exchange reserves, stock market valuations, and investor confidence have all increased. This success is the result of a series of well thought out policies."

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Personal Development

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Asa Don Brown

"Economic growth cannot only be restricted to a few cities and a few citizens. Development has to be all-round and all-inclusive."

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Personal Development

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Asa Don Brown

"Belonging to the working class is the economy's punishment for those who did what they were told to do in class."

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Personal Development

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Asa Don Brown

"Because of the power that we have given money: The government would rather have taxpayers who do not vote, than voters who do not pay tax."

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Personal Development

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Asa Don Brown

"Not every single broke and unemployed person needs a job, some need customers."

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Personal Development

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Asa Don Brown

"A reputation for money is almost as negotiable as money itself."

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Personal Development

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Asa Don Brown

"Capitalism is the most powerful tool for positive social change."

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Personal Development

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Asa Don Brown

"Market economy favors the have against the have not."

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Personal Development

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Asa Don Brown

"You can't tax business. Business doesn't pay taxes. It collects taxes."

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Personal Development

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Asa Don Brown

"India is poised to contribute as a new engine of global growth. A larger Indian economy has multiple benefits for the world. India presents a large and growing market. But India is much more than a market. India is a reliable partner; a source of high quality scientific, engineering and managerial talent."

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Vernon L. Smith
"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."

Home

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Vernon L. Smith
"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."

Character

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Vernon L. Smith
"I still have my original social security card signed when I was 13."

Security

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Vernon L. Smith
"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."

Economy

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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."

Work

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Vernon L. Smith
"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."

Life

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Vernon L. Smith
"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."

Truth

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Vernon L. Smith
"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."

Memory

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