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Caltech was a meat grinder like I could never have imagined.

Vernon L. SmithEconomist · American · b. 1927
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  • In 1941 I finished at Allison Intermediate School (grades 7-9), and started at North High School, commuting by bicycle about 5 miles from home to school. — Vernon L. Smith
  • I gradually became persuaded that the subjects, without intending to, had revealed to me a basic truth about markets that was foreign to the literature of economics. — Vernon L. Smith
  • Yes, long hours and a hard life for my parents, but for a six to seven year old every new day dawned with fresh excitement when you have not a care in the world, and so much to learn and witness. — Vernon L. Smith
  • I still have my original social security card signed when I was 13. — Vernon L. Smith
  • I can still memory - taste the fresh buttermilk pancakes and hot buttermilk biscuits - both made with lard! - that were cooked on the top, or in the oven, of that ancient iron stove. — Vernon L. Smith
  • In the 9th grade I began my first wage work for the West Side Drug store delivering prescriptions and sundries on my bicycle to customers who called in orders. — Vernon L. Smith
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