Technology & Innovation

The mortgage market indicated that what the banks faced was a solvency problem, not just a liquidity problem, says Nobel Laureate Vernon Smith.

Technology & Innovation

Nobel Prize winning economist Vernon Smith says the question is, how do you achieve just a bit without getting too much?

Technology & Innovation

Vernon Smith sees an age of people creating derivatives markets on public policy outcomes.

Technology & Innovation

We forgot the lesson of the ‘roaring 20’s’ in the case of the housing markets and that’s what caused a recurrence; you see of a lot of the same conditions of the 1920s and ’30s, says the Nobel Prize winning economist.