Vernon L. Smith
Vernon L. Smith
Nobel Prize in Economic Sciences recipient, 2002
Vernon L. Smith is a Professor of Economics and Law, the George L. Argyros Endowed Chair in Finance and Economics, and the Founding Director of the Economic Science Institute at Chapman University. He completed his undergraduate degree in electrical engineering at the California Institute of Technology, his master’s degree in economics at the University of Kansas, and his Ph.D. in economics at Harvard University. He has authored or co-authored more than 250 articles and books on capital theory, finance, natural resource economics and experimental economics. In 2002, he was awarded the Nobel Prize in Economic Sciences for his pioneering work in experimental economics.
THE GLOBAL VOICES AT THE GHANA CENTRE FOR CHINA STUDIES
On July 15, 2025 American economist and recipient of the Nobel Prize in Economic Sciences, Vernon L. Smith shared with the Ghana Centre for China Studies his perspective on U.S.-China relations.
Business ties are essential for good relations between nations. Trade draws people together. Thus the adage that if goods don’t cross borders soldiers will.
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Africa’s preeminent and most comprehensive platform exclusively dedicated to authoritative
interpretation of China’s domestic and foreign policies.
At the Ghana Centre for China Studies we eschew specific policy positions. All positions and
opinions expressed in this publication are solely those of the author (s).