Nobel Prize-Winning Economist Vernon Smith on Experimental Economics, Adam Smith, The Housing Bubble, and His Journey Towards Libertarianism

Vernon Smith is a pioneer, discovering a whole new way to study economics and winning a Nobel Prize for doing so.

Smith sat down with Reason.tv's Nick Gillespie to discuss a variety of topics, including growing up in Kansas during the Great Depression, his ideological journey from socialist to libertarian, how and why some of Adam Smith's most important intellectual contributions are overlooked, and what experimental economics has to say about the collapse of the housing market.

Interview by Nick Gillespie. Shot by Zach Weissmueller and Hawk Jensen. Edited by Weissmueller.

Approximately 24 minutes.

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