Vernon L. Smith

"It is important to remove artificial barriers–stumbling stones, often local in origin and coming from incumbent opposition to entry–and to not burden businesses with taxes that reduce their internally…"

"The vast majority of individuals with Asperger Syndrome need help — without that help they won't be able to do very well. The individuals that I know have to overcome a great deal of difficulty to max…"

"Even though Hayek, in my view, is the leading economic thinker of the 20th century who saw what must be the mainsprings of the extended order, Mises was the choice technician, and no one was better at…"

"Ecological rationality uses reason – rational reconstruction – to examine the behavior of individuals based on their experience and folk knowledge, who are ‘naïve’ in their ability to apply constructi…"

"Nonsatiation . Given a costless choice be ween two alternatives which differ only in that the first yields more of the reward medium than the second, the first will always be chosen over the second by…"

"Complexity. In general individual decision makers must be assumed to have multidimensional values which attach nonmonetary subjective cost or value to the process of making and executing individual or…"

"I can switch out and go into a concentrated mode and the world is completely shut out. If I'm writing something, nothing else exists... Perhaps even more importantly, I don't have any trouble thinking…"

"I think it's different kinds of minds, and the recognition that certain mental deficiencies may actually have some selective advantages in terms of activities. We've lost a lot of the barriers that ha…"