professor and Nobel Laureate Vernon Smith, Ph.D., is receiving exceptional reviews for his latest book
Rationality in Economics: Constructivist and Ecological Forms
(published in England in 2008; U.S. in 2009), including an in-depth appraisal published in
“I can only advise all experimental, behavioural and methodological economists to read this deep and thought provoking book,” writes Robert Sugden, professor of economics at University of East Anglia in London.
The Journal of Economics and Philosophy
called it “the most important book on economic methodology of the past decade” and the journal
History of Economic Ideas
praised it as “a rich book that is full of stimulating ideas.”
In the book, published by Cambridge University Press, Dr. Smith expands his Nobel lecture on rationality in economics to a fuller form, embracing behavioral economics and economic theory. He also covers links to the other topics in economic philosophies of F. A. Hayek, Adam Smith, and the Scottish Enlightenment figures.
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 the team that created the Economic Science Institute at Chapman.