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In 2002, IFREE-founder Dr. Vernon Smith was awarded the Nobel Prize in Economics for "having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms." |
The "Annual Award for the Contribution to the Proliferation of Liberal Thinking and the Ideas of Liberty, Private Property, Competition and the Rule of Law" from the Liberalni Institute in Prague On February 26th 2010, Vernon L. Smith received the "Annual Award for the Contribution to the Proliferation of Liberal Thinking and the Ideas of Liberty, Private Property, Competition and the Rule of Law" from the Liberalni Institute in Prague in the Czech Republic. Vernon’s lecture, "Mortgage Market Bubbles that Engulf Economies, 1997-2009; 1920-1932” was heard by over 300 people at the Czech National Bank conference center. Vernon visited the new Laboratory of Experimental Economics, established at the University of Economics in Prague by economist and Lab Director Miroslav Zajicek, who is a past attendee of an IFREE-sponsored international graduate student workshop. Miroslav also arranged for Vernon to lead a student seminar at the Center for Economic Research and Graduate Education Economics Institute on "Exchange, Specialization and Property Rights as a Joint Discovery Process." |
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