Vernon L. Smith is one of the leading economists of our time. He was born in Wichita, on January 1, 1927. In 2002, he shared the Nobel Memorial Prize with Daniel Kahneman. Professor Smith has taught at many universities. He is a classical liberal, in the mold of a Smith of yore: Adam. With Jay, he talks about his life, his findings, and freedom—glorious, precious freedom.

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