Quote by Vernon Smith
"When you have a system where decision-making is forced to the bottom, where the people who use the system everyday get to make the decisions, you get better decisions."
More from Vernon Smith
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."
"Markets work so well that we are not aware of how well they work."
"I wanted to understand how markets worked, not just theoretically but in practice."
"An economist is someone who sees something working in practice and wonders if it would work in theory."