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Quote by Vernon L. Smith

“As Einstein once said, “It is the theory which decides what can be observed.” But I must add that prior to theory there is what we call “thinking”—a systematic form of consciousness deeply driven by the unconscious that enables understanding and experimental predictions The parallel is expressed in John 1:1, “In the beginning was the Word, and the Word was with God, and the Word was God” (KJV). For humans, all beginnings are in thought or reason. And in the reductionist search for reality, science can only identify mind, first in thing shopped for, then in the assurance of unseen evidence.”

Quote by Vernon L. Smith

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Vernon L. Smith
Vernon L. Smith

Vernon L. Smith is an esteemed economist renowned for his pioneering work in experimental economics. Born on January 1, 1927, he has received numerous honors throughout his career, including the Nobel Prize in Economics in 1991. more

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