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Stan V. Smith, Ph.D.
Curriculum Vitae

Smith Economics Group, Ltd. — Consultants and Experts in Economics and Finance. President, 11/85 to present. Assisted in the successful resolution of thousands of lawsuits on behalf of clients that include many dozens of the nation's largest law firms, the U.S. Department of Justice, as well as thousands of other prominent plaintiff and defense law firms in almost every state. Firm provides economic and financial consulting and economic legal analysis in federal and state courts on damages of every sort: Business Damages including antitrust damages, patent valuation, breach of contract losses, and other commercial losses; Business Valuations; Personal Injury and Wrongful Death losses including lost wages, benefits, services, and other injury losses; Hedonic Damages; Wrongful Discharge, defamation and employment discrimination; Identity Theft and other credit damages; Product Liability; Pension Fund Evaluation and Withdrawal Liability, Security Losses.

DePaul University. — Adjunct Professor, College of Law, 1990 to 1994. Taught a full three-credit course in Advanced Remedies - Analysis of Economic Damages in Litigation, based on my textbook on Forensic Economics; delivered lectures to other courses in subsequent years. This was the first course taught nationwide in the area of Forensic Economics.

Ibbotson Associates, Inc. — Economic and Financial Consultants. Principal and Managing Director; Originator of SBBI Subscription Services, 11/81 to 11/85. Firm provides consulting to hundreds of the nation's most prominent money managers, law firms, brokerage firms, and pension funds.

Seaquest International, Inc. — Founder and President, 7/77 to 11/81. Developed and financed sophisticated research, search, and recovery technologies for ancient underwater artifacts.

The December Group, Ltd. — Investment Banking Consultants. Associate Economic Analyst 12/74 to 7/77. Firm specialized in mergers and acquisitions, leveraged buy-outs, divestitures and financing specialized start-ups with venture capital.

JPMorgan Chase Bank - Chicago. — Staff Economist, 3/74 to 12/74. Analyzed bank credit and service pricing policies.

Federal Reserve System — Staff Economist at Board of Governors, Washington, D.C. 9/73 to 2/74.

University of Chicago. — Lecturer in Public Policy Economics, 3/73 to 6/73. Research Assistant in Economics, 3/70 to 6/73.

Midlothian Manufacturing Co. — Vice President, 9/68 to 3/73. Responsible for marketing to retail and industrial clients; responsible for production control.

Educational Background



University of Chicago, Chicago IL. Ph.D. in Economics, 1997; Support Areas in Finance and Econometrics. Honors: Allied Chemical Scholar and Federal Reserve Internship.  The University of Chicago is recognized as a world preeminent institution for the study of Economics and the home of the Law and Economics movement.  Prof. Gary Becker, Nobel 1992, Thesis Advisor; Research Assistant to Prof. Eugene Fama, Nobel 2013.

University of Chicago, Chicago, IL. Master's Degree, 1972, Graduate School of Business; Field of Concentration in Economics.

Cornell University, Ithaca, NY. Bachelor of Science, Operations Research, 1968; Field of Concentration in Statistics, Computer Science and Industrial Engineering, Honors: John McMullen Scholar.

Professional Activities:






Originator of Ibbotson Associates' Stocks, Bonds, Bills, and Inflation (SBBI) Yearbook and Companion Services published by Duff & Phelps and available on various Morningstar, Inc. software platforms. SBBI is the authoritative compendium of U. S. financial and investment performance data from 1926 to the present. SBBI is widely relied upon and regarded as the standard reference in courts of law and by the academic, actuarial and investment community.  From 1993 to present.




National Presentations



Regional Presentations



Statewide Presentations



Local Presentations



Television/Video Presentations



Personal Background



Born November 16, 1946, Rhinelander, Wisconsin;

Graduated Nicolet High School 1964, Milwaukee, Wisconsin;

Honorable Discharge U.S. Army, 1975;

Member of Chicago Board Options Exchange, 1975-1978;

Trustee, Wright Graduate University, Chicago IL;

Board Member, Wright Foundation.


Image Picture of Stan V. Smith, Ph.D.

Stan V. Smith, Ph.D.

University of Chicago-trained Economist and Financial Consultant

Dr. Smith and his team provide high quality strategies to educate a jury in economic valuation & analysis for fair awards.