Seminar: “Aspects of Adam Smith’s Theory of Moral Sentiments,” with Nobel Laureate Vernon Smith

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Event Details


Nov 14, 2015


10:30 am - 12:30 pm


UCLA Law School Building Room 2442
385 Charles E Young Drive East #1112
Los Angeles

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UCLA Law School Building Room 2442

Event Description

In addition to this seminar, Vernon Smith will be giving a lecture on November 12 entitled “On Changing False Beliefs: Three Cases from Experimental Economics”. For more information on this seminar, please visit the event page.


Adam Smith’s Theory of Moral Sentiments is not as famous as his Wealth of Nations, but is regarded by some as his greatest work.  CLAFI events on The Theory of Moral Sentiments earlier this year generated great interest in Smith’s earlier book.  This seminar will provide a chance to discuss some additional aspects of the book with a small group, led by a Nobel Prize-winning economist.


Registration for the seminar is free and open to the public. However, because capacity is limited, advance enrollment is necessary. This will be done primarily on a first come, first served basis. Readings will be distributed in advance to participants, who will be expected to read them and participate actively in the discussion. A pizza lunch will be delivered at the end of the seminar. To enroll, please e-mail Professor Daniel Lowenstein at



Dr. Vernon L. Smith was awarded the Nobel Prize in Economic Sciences in 2002 for his groundbreaking work in experimental economics. Dr. Smith is professor of economics at Chapman University’s Argyros School of Business and Economics and School of Law in Orange, California, a research scholar at George Mason University Interdisciplinary Center for Economic Science, and a Fellow of the Mercatus Center, all in Arlington, Virginia.


Dr. Smith has authored or co-authored more than 250 articles and books on capital theory, finance, natural resource economics and experimental economics. He serves or has served on the board of editors of the American Economic Review, The Cato Journal, Journal of Economic Behavior and Organization, the Journal of Risk and Uncertainty, Science, Economic Theory, Economic Design, Games and Economic Behavior, and the Journal of Economic Methodology.


Additionally, Dr. Smith is a distinguished fellow of the American Economic Association, an Andersen Consulting Professor of the Year, and the 1995 Adam Smith Award recipient conferred by the Association for Private Enterprise Education. He was elected a member of the National Academy of Sciences in 1995, and received CalTech’s distinguished alumni award in 1996. He has served as a consultant on the privatization of electric power in Australia and New Zealand and participated in numerous private and public discussions of energy deregulation in the United States. In 1997 he served as a Blue Ribbon Panel Member, National Electric Reliability Council.


After completing his undergraduate degree in electrical engineering at the California Institute of Technology, Dr. Smith completed his master’s degree in economics at the University of Kansas, and his Ph.D. in economics at Harvard University.

(Source: Cato Institute)


Professor Cantor’s appearance is part of CLAFI’s ongoing Commercial Republic Project, which is conducted in partnership with the Jack Miller Center and made possible by the support of a grant from the John Templeton Foundation. For more information on the Commercial Republic Project, click here.