Smith is an Emeritus Regents Professor and an Emeritus University Professor of Economics and a Distinguished Sustainability Scientist in GIOS at ASU. A member of the National Academy of Sciences, his research considers environmental policy issues. A University Fellow at Resources for the Future, and a Research Associate with the National Bureau of Economic Research, he came to ASU from North Carolina State University in 2006 where he was the University Distinguished Professor and was Director of the Center for Environmental and Resource Economic Policy. Prior to North Carolina State, he held positions as the Arts and Sciences Professor of Environmental Economics at Duke and the Centennial Professor of Economics at Vanderbilt. He is a Fellow of the Association of Environmental and Resource Economists and a Fellow of the American Agricultural Economics Association. He has advised federal and state agencies in the US, Canada, and other countries on the assessment of economic values for non-market environmental resources.
- PhD in economics, Rutgers University, 1970
- AB in economics, Rutgers University, 1966