A modified particle swarm optimization and incorporated chaotic search to solve economic dispatch problems for smooth and non-smooth cost functions, considering prohibited operating zones and valve-point effects is proposed in this paper. An inertia weight modification of particle swarm optimization is introduced to enhance algorithm performance and generate optimal solutions with stable solution accuracy and offers faster convergence characteristic. Moreover, an incorporation of chaotic search, called logistic map, is used to increase the global searching capability. To demonstrate the effectiveness and feasibility of the proposed algorithm compared to the several existing methods in the literature, five systems with different criteria are verified. The results show the excellent performance of the proposed method to solve economic dispatch problems.