Carly MurphyChapman University honors economist and Nobel laureate Vernon Smith with the first Doti-Spogli Free Enterprise Award. The award recognizes a faculty member whose research or outreach spotlights the benefits of economic freedom and the policies that extend it.
Former U.S. Ambassador Ron Spogli and President Emeritus Jim Doti unveiled the prize and Doti-Spogli Chair in 2022 to ensure that the teaching of free market principles would always be a part of the curriculum at the Argyros School of Business and Economics. Doti called Smith his hero when presenting him the award and shared, “In terms of bringing the institute together, he also really embodies the mission of Chapman University, and a major part of that is to get students and faculty working together.”
Professor Smith received a share of the Nobel Prize in 2002 for his work pioneering work in experimental economics. He created Chapman’s Economic Science Institute when he arrived at the university 15 years ago and holds joint appointments in Chapman’s Argyros School of Business and Economics and Fowler School of Law.
Argyros School of Business and Economics rose this week to No. 60 in the new Best Business School rankings by U.S. News & World Report.
Additionally, the Doti-Spogli Chair will recognize a student each year who writes the best paper promoting free enterprise. This year’s paper topic is “California Dreaming: What can be done to bring back business to the Golden State?”
About Chapman University
Founded in 1861, Chapman University is a nationally ranked private university located in Southern California. Chapman is categorized by the Carnegie Classification as an R2 “high research activity”institution and offers personalized education to more than 10,000 undergraduate and graduate students. The campus has produced a Rhodes Scholar, been named a top producer of Fulbright Scholars, and hosts a chapter of Phi Beta Kappa, the nation’s oldest and most prestigious honor society. Based in the city of Orange, Chapman also includes the Harry and Diane Rinker Health Science Campus in Irvine. In 2019, the university opened its 11th college, Fowler School of Engineering, in its newest facility, Keck Center for Science and Engineering. Learn more about Chapman University: www.chapman.edu.
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