How Long to Read A Life of Experimental Economics, Volume II

How Long Does it Take to Read A Life of Experimental Economics, Volume II?

It takes the average reader 4 hours and 16 minutes to read A Life of Experimental Economics, Volume II by Vernon L. Smith

Assuming a reading speed of 250 words per minute. Learn more

Description

This sequel to A Life of Experimental Economics, Volume I, continues the intimate history of Vernon Smith’s personal and professional maturation after a dozen years at Purdue. The scene now shifts to twenty-six transformative years at the University of Arizona, then to George Mason University, and his recognition by the Nobel Prize Committee in 2002. The book ends with his most recent decade at Chapman University. At Arizona Vernon and his students studied asset trading markets and learned how wrong it had been to suppose that price bubbles could not occur where markets were full-information transparent. Their work in computerization of the lab facilitated very complex supply and demand experiments in natural gas pipeline, communication and electricity markets that paved the way for implementing, through decentralized market processes, the liberalization of industries traditionally believed to be “natural” monopolies. The “Smart Computer Assisted Market” was born. Smith’s move to George Mason University greatly facilitated government and industry work in tandem with various public and private entities, whereas his relocation to Chapman University coincided with the Great Recession, whose similarity with the Depression was evident in his research. There he integrated two fundamental kinds of markets with laboratory experiments: Consumer non-durables, the supply and demand for which was stable in the lab and in the economy, and durable assets whose bubble tendencies made them unstable in the lab as well as in the economy—witness the great housing-mortgage market bubble run-up of 1997-2007. This book’s conversational style and emphasis on the backstory of published research accomplishments allows readers an exclusive peak into how and why economists pursue their work. It’s a must-read for those interested in experimental economics, the housing crisis, and economic history.

How long is A Life of Experimental Economics, Volume II?

A Life of Experimental Economics, Volume II by Vernon L. Smith is 253 pages long, and a total of 64,009 words.

This makes it 85% the length of the average book. It also has 78% more words than the average book.

How Long Does it Take to Read A Life of Experimental Economics, Volume II Aloud?

The average oral reading speed is 183 words per minute. This means it takes 5 hours and 49 minutes to read A Life of Experimental Economics, Volume II aloud.

What Reading Level is A Life of Experimental Economics, Volume II?

A Life of Experimental Economics, Volume II is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy A Life of Experimental Economics, Volume II?

A Life of Experimental Economics, Volume II by Vernon L. Smith is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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