[1] He is also the director of the Smith Institute for Political Economy and Philosophy and teaches courses in humanomics.
Prior to his academic career, Wilson worked as an economist in the Division of Economic Policy Analysis at the Federal Trade Commission.
[3] Wilson argues that economists often force "ordinary human behavior to fit their models."
[4] After research and experimentation Wilson and Vernon L. Smith conclude that "a history of unenforced property rights hinders our subjects' ability to develop the requisite personal social arrangements to support specialization and effectively exploit impersonal long-distance trade.
"[5] Wilson argues that capacity constrained firms have a vested interest in not lowering their prices for new competitive markets.