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George Akerlof

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availability of legal abortion now allowed men to view their offspring as the deliberate product of female choice rather than as the joint product of sexual intercourse. Thus, it encouraged biological fathers to reject not only the notion of an obligation to marry the mother but also the idea of a paternal obligation.
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Bankruptcy for profit will occur if poor accounting, lax regulation, or low penalties for abuse give owners an incentive to pay themselves more than their firms are worth and then default on their debt obligations. Bankruptcy for profit occurs most commonly when a government guarantees a firm's debt
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published "Looting: The Economic Underworld of Bankruptcy for Profit", describing how under certain conditions, owners of corporations will decide it is more profitable for them personally to 'loot' the company and 'extract value' from it instead of trying to make it grow and prosper. For example:
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While Akerlof did not recommend legal restrictions on either abortion or the availability of contraceptives his analysis seemed to lend support to those who did. Thus, a scholar strongly associated with liberal and Democratic-leaning policy positions has been approvingly cited by conservative and
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childbearing but also had actually worked to increase it. According to Akerlof, for women who did not use them, these technologies had largely transformed the old paradigm of socio-sexual assumptions, expectations, and behaviors in ways that were especially disadvantageous. For example, the
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Akerlof was briefly married to an architect, Kay Leong; they wed in 1974 and divorced three years later, after he didn’t get promoted to a full professorship at Berkeley. Following their divorce, Kay moved to New York and remarried a fellow architect. In 1978, Akerlof married
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behave, and showed how such norms can explain discrepancies between theory and observed facts about the macroeconomy. Akerlof proposed a new agenda for macroeconomics, using social norms to explain macroeconomic behavior. He is considered together with
4435: 42: 447:(ISI) in New Delhi and returned to the United States in September 1968. Akerlof then became an associate professor at Berkeley and voted for a tenure-track position at the university. He also served as a senior economist at the White House 2469: 463:(LSE) in 1978, where he accepted a prestigious post as the Cassel Professor of Money and Banking, while she accepted a tenure-track lectureship. They remained in the United Kingdom for two years before returning to the United States. 3434: 726: 474:
as a senior fellow. They both returned to teaching at UC Berkeley in 1999. Akerlof remained an active faculty member at the university until his retirement. He was awarded Koshland Professor of Economics Emeritus in 2010.
709:. They have one child, a son named Robert, who was born in 1981. Robert Akerlof is also an economist, earned a bachelor's degree in economics and mathematics from Yale University and obtained his PhD in economics from 4330: 4395: 2462: 4350: 3427: 4345: 2455: 1194: 2478: 1664: 4420: 3420: 4385: 4310: 1029: 995: 1867: 1228: 810:
Akerlof, George A., Romer, Paul M., Brookings Papers on Economic Activity, "Looting: The Economic Underworld of Bankruptcy for Profit" Vol. 1993, No. 2 (1993), pp. 1–73
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and many fields outside of economics, Akerlof and Kranton argue that individuals do not have preferences only over different goods and services. They also adhere to
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rejected it as incorrect, arguing that if this paper was correct, then no goods could be traded. Only on the fourth attempt did the paper get published in
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After that, he once again moved to Washington when Yellen confirmed to the Federal Reserve Board. Akerlof received a position as visiting scholar at the
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from Berkeley to accompany his wife when she was named chair of the Council of Economic Advisers (CEA). At Washington, Akerlof began working for the
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For his work and contribution to economics and philosophy, he was awarded the third Witten Lectures in Economics and Philosophy at the
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In 1980, Akerlof becomes Goldman Professor of Economics at Berkeley and taught there for most of his career. In 1997, he took a
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An economic theorist's book of tales : essays that entertain the consequences of new assumptions in economic theory
702: 448: 444: 286: 2214: 762: 479: 856: 2159: 1785: 1215: 964: 681: 522: 460: 315: 196: 1729: 818: 380:, on June 17, 1940, into a Jewish family. His mother was Rosalie Clara Grubber (née Hirschfelder), a housewife of 3200: 2948: 2204: 2124: 2086: 2081: 2447: 3558: 3177: 3169: 2317: 2164: 2111: 1951: 1260: 4184: 4023: 3868: 3463: 3345: 3012: 2327: 2259: 706: 602: 212: 1765: 1529: 4295: 3928: 3844: 3701: 3564: 3248: 2139: 1993: 1581: 1504: 1085:
Economics and Sociology: Redefining Their Boundaries : Conversations with Economists and Sociologists
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In the late 1970s, Akerlof's ideas attracted the attention of some on both sides of the debate over legal
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of Duke University have introduced social identity into formal economic analysis, creating the field of
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Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism
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in 1970, in which he identified certain severe problems that afflict markets characterized by
385: 1396: 601:, modern contraceptives and legal abortion, had not only failed to suppress the incidence of 597:" He contended that the new technologies that had helped to spawn the late twentieth century 4208: 4148: 4136: 4095: 4059: 4053: 4017: 3993: 3916: 3856: 3814: 3671: 3588: 3528: 3469: 3108: 3070: 3047: 3032: 2888: 2781: 2761: 2645: 2609: 2601: 2538: 2397: 2352: 2322: 2224: 1856: 1351: 1309: 1297: 655: 558: 467: 408: 264: 88: 1229:"Citations of Akerlof: The Market for Lemons: Quality Uncertainty and the Market Mechanism" 4256: 4154: 4107: 4065: 4011: 3910: 3898: 3850: 3779: 3749: 3743: 3731: 3689: 3600: 3576: 3534: 3330: 3104: 2872: 2860: 2852: 2848: 2840: 2813: 2773: 2753: 2701: 2693: 2613: 2581: 2550: 2392: 2387: 2377: 2307: 2292: 2287: 2249: 2239: 2169: 2149: 2021: 1907: 1892: 1888: 1769: 850: 562: 526: 412: 389: 358: 172: 84: 3183: 565:. These ideas first appeared in their article "Economics and Identity", published in the 1752: 1168: 4214: 4202: 4005: 3999: 3975: 3969: 3880: 3862: 3832: 3653: 3516: 3487: 3324: 3232: 3116: 3085: 3055: 3024: 2904: 2836: 2801: 2769: 2737: 2685: 2637: 2621: 2510: 2402: 2367: 2194: 2119: 2091: 2066: 2046: 2006: 2001: 1805: 1233: 1083: 996:"George Akerlof (aka Mr. Janet Yellen) Heads to Georgetown - Real Time Economics - WSJ" 918: 888: 867: 789: 546: 354: 240: 4284: 4226: 4172: 4142: 4130: 4071: 4041: 3940: 3934: 3892: 3826: 3820: 3612: 3582: 3510: 3213: 2972: 2968: 2940: 2928: 2912: 2896: 2884: 2864: 2809: 2785: 2745: 2705: 2653: 2546: 2530: 2518: 2502: 2498: 2357: 2312: 2219: 2056: 2036: 2016: 860: 735: 236: 1329: 361:, "for their analyses of markets with asymmetric information." He is the husband of 4268: 4244: 4238: 4178: 4101: 4083: 4029: 3987: 3808: 3785: 3713: 3552: 3546: 3522: 3100: 3089: 3066: 3051: 3004: 2920: 2733: 2717: 2677: 2589: 2412: 2362: 2337: 2282: 2272: 2199: 2144: 2096: 2076: 2026: 1819: 1293: 800: 739: 731: 694: 665:
and co-director of the Social Interactions, Identity and Well-Being Program at the
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descent, and his father was Gösta Carl Åkerlöf, a chemist and inventor, who was a
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Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being
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for how different people should behave. The norms are linked to a person's
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University of California, Berkeley College of Letters and Science faculty
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Writing the “The Market for ‘Lemons’”: A Personal and Interpretive Essay
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Akerlof, George A. 2005. "Identity and the Economics of Organizations,"
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Students for Fair Admissions v. President and Fellows of Harvard College
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The Market for Lemons: Quality Uncertainty and the Market Mechanism
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After receiving his doctorate, Akerlof joined the faculty of the
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Phishing for Phools: The Economics of Manipulation and Deception
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in Washington, D.C. where he met his future wife and coauthor,
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rejected the paper for "triviality", while the reviewers for
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Distinguished fellows of the American Economic Association
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Members of the United States National Academy of Sciences
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George A. Akerlof and Paul M. Romer (23 December 2007).
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Fellows of the American Academy of Arts and Sciences
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Behavioral Macroeconomics and Macroeconomic Behavior
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Witten Lectures in Economics and Philosophy (2009).
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and Koshland Professor of Economics Emeritus at the
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American expatriate academics in the United Kingdom
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Yellen, as well as numerous others. 1560:"Janet Yellen Fact Sheet | Berkeley-Haas" 972:(Ph.D.). Massachusetts Institute of Technology 610:Republican-leaning analysts and commentators. 3428: 3144: 2463: 1952: 529:wage, in contradiction to the conclusions of 8: 4386:Massachusetts Institute of Technology alumni 2483:Sveriges Riksbank Prize in Economic Sciences 730:lawsuit. Other signees of the brief include 669:(CIFAR). He is on the advisory board of the 4311:Academics of the London School of Economics 423:(MIT) in 1966. His dissertation was titled 3435: 3421: 3413: 3151: 3137: 3129: 2470: 2456: 2448: 1959: 1945: 1937: 1845: 1751: 1167: 805:Efficiency Wage Models of the Labor Market 519:Efficiency Wage Models of the Labor Market 29: 1185:; Spicer, Jonathan (September 29, 2013). 720:Akerlof was one of the signees of a 2018 351:Nobel Memorial Prize in Economic Sciences 275:Nobel Memorial Prize in Economic Sciences 4321:American people of German-Jewish descent 1562:. newsroom.haas.berkeley.edu. 2013-09-25 1444:The Missing Motivation in Macroeconomics 1120:Secretary, O.H.; Sciences, N.A. (1980). 795:. Cambridge: Cambridge University Press. 667:Canadian Institute for Advanced Research 637:In his 2007 presidential address to the 4391:McCourt School of Public Policy faculty 1462:. American Academy of Arts and Sciences 1457:"Book of Members, 1780–2010: Chapter A" 1159: 1157: 1155: 1153: 1151: 1149: 1045: 1043: 1041: 1039: 955: 699:United States Secretary of the Treasury 645:that decision makers have for how they 482:(IMF) from 2010 to 2014 and joined the 363:United States Secretary of the Treasury 4431:Scientists from New Haven, Connecticut 3216:(Trinidad & Tobago/United Kingdom) 1350:(447), Blackwell Publishing: 287–309, 1197:from the original on November 25, 2020 1089:. Princeton University Press. p.  1021: 1811:The Concise Encyclopedia of Economics 1654:"Amicus brief - Economics Professors" 1580:Luscombe, Belinda (January 9, 2014). 1540:from the original on December 4, 2020 989: 987: 675:American Academy of Arts and Sciences 421:Massachusetts Institute of Technology 94:Massachusetts Institute of Technology 7: 4401:National Bureau of Economic Research 1670:from the original on October 3, 2022 994:Reddy, Sudeep (September 23, 2014). 4366:Institute for New Economic Thinking 1631:from the original on April 13, 2021 1062:from the original on March 28, 2022 825:Explorations in Pragmatic Economics 671:Institute for New Economic Thinking 490:as a university professor in 2014. 4356:Fellows of the Econometric Society 4326:American people of Swedish descent 2431: 1743:University of California, Berkeley 697:, an economist who is the current 453:Federal Reserve Board of Governors 441:University of California, Berkeley 347:University of California, Berkeley 201:University of California, Berkeley 25: 4416:People from Princeton, New Jersey 673:. He was elected a fellow of the 663:Economists for Peace and Security 525:in which employers pay above the 4306:21st-century American economists 4301:20th-century American economists 1816:Library of Economics and Liberty 1398:The Facts of Life & Marriage 840:Journal of Economic Perspectives 807:. Orlando, Fla.: Academic Press. 753: 127: 40: 2559:Leonid Vitaliyevich Kantorovich 581:. In articles appearing in The 484:McCourt School of Public Policy 403:, before he graduated from the 388:. George has an older brother, 349:. Akerlof was awarded the 2001 339:McCourt School of Public Policy 147: 123: 1302:Quarterly Journal of Economics 1279:Quarterly Journal of Economics 1267:The Review of Economic Studies 1050:Laviola, Erin (May 11, 2021). 944:List of Jewish Nobel laureates 925:, Princeton University Press. 815:Quarterly Journal of Economics 595:reproductive technology shock. 584:Quarterly Journal of Economics 567:Quarterly Journal of Economics 510:Quarterly Journal of Economics 27:American economist (born 1940) 1: 1919:American Economic Association 1840:Akerlof slams Bush government 1308:(2), The MIT Press: 277–317, 639:American Economic Association 573:Reproductive technology shock 392:, a physics professor at the 4411:Nobel laureates in Economics 1806:"George A. Akerlof (1940– )" 1799:Research Papers in Economics 1273:Journal of Political Economy 703:chair of the Federal Reserve 449:Council of Economic Advisers 445:Indian Statistical Institute 4381:Lawrenceville School alumni 4336:Economists from Connecticut 1834:Akerlof's criticism of Bush 1378:Failed Promises of Abortion 827:, Oxford University Press. 787:Akerlof, George A. (1984). 480:International Monetary Fund 4457: 4371:Jewish American economists 4341:Economists from New Jersey 2551:Friedrich August von Hayek 857:Thoughts on global warming 682:Witten/Herdecke University 654:as one of the founders of 523:efficiency wage hypothesis 494:Contributions to economics 461:London School of Economics 197:London School of Economics 4376:American labor economists 3708:Oliver M. W. Sprague 3340: 2949:Christopher A. Pissarides 1925: 1912: 1904: 1899: 1885: 1865: 1853: 1848: 1530:"Janet Yellen Fast Facts" 823:Akerlof, George A. 2005. 545:Akerlof and collaborator 427:under the supervision of 328: 324: 300: 296: 292: 281: 179: 39: 4406:New Keynesian economists 4316:American Nobel laureates 3178:William Standish Knowles 1410:1993 George Akerlof and 1261:American Economic Review 963:Akerlof, George (1966). 887:Akerlof, George A., and 799:Akerlof, George A., and 633:Norms and macroeconomics 415:in 1962, and earned his 372:Early life and education 4426:Russell Sage Foundation 4024:Charles P. Kindleberger 3762:Emanuel A. Goldenweiser 2328:Stephany Griffith-Jones 1786:Encyclopædia Britannica 1615:"Robert Akerlof Resume" 1356:10.1111/1468-0297.00288 1000:The Wall Street Journal 907:, "Introduction," pp. 866:Akerlof, George A. and 707:Haas School of Business 533:. This work introduced 407:in 1958. He received a 287:IDEAS / RePEc 213:New Keynesian economics 4361:Information economists 3929:John Kenneth Galbraith 3346:Nobel Prize recipients 3280:Physiology or Medicine 2140:John Kenneth Galbraith 1663:. Harvard University. 1422:, Palgrave Macmillan, 917:George A. Akerlof and 630: 531:neoclassical economics 515:asymmetric information 394:University of Michigan 378:New Haven, Connecticut 73:New Haven, Connecticut 2670:James M. Buchanan Jr. 1734:Georgetown University 1081:Swedberg, R. (1990). 905:Description & TOC 863:(2006). 14 July 2008. 715:University of Warwick 625: 488:Georgetown University 472:Brookings Institution 343:Georgetown University 335:George Arthur Akerlof 261:Information asymmetry 193:Georgetown University 56:George Arthur Akerlof 3982:Tjalling C. Koopmans 3595:Herbert J. Davenport 3505:Edwin R. A. Seligman 3190:Karl Barry Sharpless 2933:Oliver E. Williamson 2563:Tjalling C. Koopmans 2230:Pavlina R. Tcherneva 1536:. December 3, 2020. 1292:Akerlof, George A.; 1218:by George A. Akerlof 1183:Thompson, Marilyn W. 1123:Biographical Memoirs 855:Akerlof, George A. " 767:adding missing items 618:In 1993 Akerlof and 590:The Economic Journal 507:", published in the 405:Lawrenceville School 401:Princeton Day School 376:Akerlof was born in 126: 1974; 4441:Yale College alumni 4197:Christopher A. Sims 4096:Arnold C. Harberger 4060:Thomas C. Schelling 4018:Charles L. Schultze 3905:Kenneth E. Boulding 3857:Theodore W. Schultz 2961:Christopher A. Sims 2889:Thomas C. Schelling 2861:Robert F. Engle III 2762:Robert E. Lucas Jr. 2610:Theodore W. Schultz 2435:Keynesian economics 1984:John Maynard Keynes 1836:, February 12, 2003 1503:Luscombe, Belinda. 1416:Yves Smith (2010), 661:He is a trustee of 641:, Akerlof proposed 305:Academic background 251:John Maynard Keynes 3911:William J. Fellner 3887:Joseph J. Spengler 3875:Gottfried Haberler 3845:George W. Stocking 3839:Morris A. Copeland 3726:Frederick C. Mills 3666:Matthew B. Hammond 3619:Wesley C. Mitchell 3601:Jacob H. Hollander 3288:Leland H. Hartwell 3257:Eric Allin Cornell 2877:Edward C. Prescott 2865:Clive W.J. Granger 2841:Joseph E. Stiglitz 2814:Daniel L. McFadden 2702:Harry M. Markowitz 2135:James K. Galbraith 2072:Arthur Melvin Okun 1881:Joseph E. Stiglitz 1874:Served alongside: 1861:Daniel L. McFadden 1768:2014-03-12 at the 1763:Identity Economics 1750:on Nobelprize.org 1166:on Nobelprize.org 849:2011-09-14 at the 765:; you can help by 711:Harvard University 551:identity economics 541:Identity economics 535:gift-exchange game 419:in economics from 411:in economics from 4278: 4277: 4233:Olivier Blanchard 4221:Robert J. Shiller 4191:Orley Ashenfelter 4167:Thomas J. Sargent 4114:Dale W. Jorgenson 4048:Joseph A. Pechman 4000:William J. Baumol 3970:Lawrence R. Klein 3964:Franco Modigliani 3881:George J. Stigler 3863:Paul A. Samuelson 3774:Joseph Schumpeter 3684:William Z. Ripley 3678:George E. Barnett 3642:Edwin W. Kemmerer 3565:Walter F. Willcox 3517:Jeremiah W. Jenks 3464:Charles F. Dunbar 3458:Francis A. Walker 3410: 3409: 3311:Economic Sciences 3263:Wolfgang Ketterle 3126: 3125: 3025:Richard H. Thaler 2989:Robert J. Shiller 2985:Lars Peter Hansen 2957:Thomas J. Sargent 2945:Dale T. Mortensen 2837:A. Michael Spence 2833:George A. Akerlof 2802:Robert A. Mundell 2770:James A. Mirrlees 2738:Douglass C. North 2710:William F. Sharpe 2662:Franco Modigliani 2638:George J. Stigler 2622:Lawrence R. Klein 2511:Paul A. Samuelson 2445: 2444: 2333:Nobuhiro Kiyotaki 2278:Olivier Blanchard 2235:Anthony Thirlwall 2062:Franco Modigliani 2012:James Duesenberry 1935: 1934: 1929:Thomas J. Sargent 1926:Succeeded by 1900:Academic offices 1886:Succeeded by 1877:A. Michael Spence 1739:George A. Akerlof 1730:George A. Akerlof 1622:robertakerlof.com 1429:978-0-230-62051-3 966:Wages and capital 931:978-0-691-16831-9 919:Robert J. Shiller 901:978-0-691-14648-5 889:Rachel E. Kranton 882:978-0-691-14233-3 868:Robert J. Shiller 833:978-0-19-925390-6 783: 782: 599:sexual revolution 563:social identities 555:social psychology 425:Wages and Capital 399:Akerlof attended 386:Swedish immigrant 332: 331: 317:Wages and capital 18:George A. Akerlof 16:(Redirected from 4448: 4209:William Nordhaus 4149:Martin Feldstein 4137:Robert Lucas Jr. 3994:Moses Abramovitz 3941:Walter W. Heller 3935:Kenneth J. Arrow 3917:Wassily Leontief 3815:Calvin B. Hoover 3803:John H. Williams 3702:Alvin S. Johnson 3672:Ernest L. Bogart 3589:Henry B. Gardner 3571:Thomas N. Carver 3482:Arthur T. Hadley 3437: 3430: 3423: 3414: 3348: 3302:(United Kingdom) 3296:(United Kingdom) 3153: 3146: 3139: 3130: 3119: 3111: 3109:Philip H. Dybvig 3092: 3073: 3071:Robert B. Wilson 3058: 3048:Abhijit Banerjee 3039: 3033:William Nordhaus 3027: 3019: 3007: 2999: 2991: 2975: 2973:Lloyd S. Shapley 2963: 2951: 2941:Peter A. Diamond 2935: 2923: 2915: 2913:Roger B. Myerson 2899: 2897:Edmund S. Phelps 2891: 2885:Robert J. Aumann 2879: 2867: 2855: 2843: 2816: 2810:James J. Heckman 2804: 2796: 2788: 2786:Myron S. Scholes 2782:Robert C. Merton 2776: 2764: 2756: 2750:John F. Nash Jr. 2746:John C. Harsanyi 2740: 2728: 2720: 2712: 2706:Merton H. Miller 2696: 2688: 2680: 2672: 2664: 2656: 2648: 2640: 2632: 2624: 2616: 2614:Sir Arthur Lewis 2604: 2602:Herbert A. Simon 2596: 2584: 2565: 2553: 2541: 2539:Wassily Leontief 2533: 2531:Kenneth J. Arrow 2521: 2513: 2505: 2472: 2465: 2458: 2449: 2433: 2408:Michael Woodford 2398:Lawrence Summers 2353:Maurice Obstfeld 2323:Robert J. Gordon 2245:Sidney Weintraub 2225:G. L. S. Shackle 1961: 1954: 1947: 1938: 1905:Preceded by 1857:James J. Heckman 1854:Preceded by 1846: 1823: 1818:(2nd ed.). 1755: 1712: 1711: 1709: 1708: 1702: 1696:. 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Rouse 656:social economics 468:leave of absence 265:Efficiency wages 151: 149: 131: 129: 125: 69: 65: 63: 44: 30: 21: 4456: 4455: 4451: 4450: 4449: 4447: 4446: 4445: 4281: 4280: 4279: 4274: 4257:Christina Romer 4155:Daniel McFadden 4119: 4108:D. Gale Johnson 4102:Robert W. Fogel 4090:Anne O. Krueger 4084:Victor R. Fuchs 4066:William Vickrey 4030:Alice M. Rivlin 4012:W. Arthur Lewis 3988:Robert M. Solow 3952: 3947:R. Aaron Gordon 3899:Milton Friedman 3869:Edward S. Mason 3851:Arthur F. Burns 3809:Harold A. Innis 3791: 3780:Howard S. Ellis 3756:I. Leo Sharfman 3750:Joseph S. Davis 3744:Albert B. Wolfe 3738:Edwin G. Nourse 3732:Sumner Slichter 3690:Harry A. Millis 3648:Thomas S. Adams 3630: 3607:Henry R. Seager 3577:John R. Commons 3547:Frank A. Fetter 3541:Henry W. Farnam 3535:Edmund J. James 3523:Simon N. Patten 3493: 3446: 3441: 3411: 3406: 3344: 3336: 3333:(United States) 3331:Joseph Stiglitz 3327:(United States) 3321:(United States) 3305: 3290:(United States) 3274: 3271:(United States) 3259:(United States) 3243: 3219: 3195: 3192:(United States) 3180:(United States) 3164: 3157: 3127: 3122: 3114: 3105:Douglas Diamond 3095: 3076: 3061: 3042: 3030: 3022: 3017:Bengt Holmström 3010: 3002: 2994: 2978: 2966: 2954: 2938: 2926: 2918: 2902: 2894: 2882: 2873:Finn E. Kydland 2870: 2858: 2853:Vernon L. Smith 2849:Daniel Kahneman 2846: 2830: 2819: 2807: 2799: 2791: 2779: 2774:William Vickrey 2767: 2759: 2754:Reinhard Selten 2743: 2734:Robert W. Fogel 2731: 2723: 2718:Ronald H. Coase 2715: 2699: 2694:Trygve Haavelmo 2691: 2683: 2678:Robert M. Solow 2675: 2667: 2659: 2651: 2643: 2635: 2627: 2619: 2607: 2599: 2587: 2582:Milton Friedman 2579: 2568: 2556: 2544: 2536: 2524: 2516: 2508: 2496: 2485: 2476: 2446: 2441: 2440: 2439: 2438: 2437: 2430: 2417: 2393:Joseph Stiglitz 2388:Andrei Shleifer 2378:Julio Rotemberg 2308:Stanley Fischer 2293:Richard Clarida 2288:Guillermo Calvo 2254: 2250:L. Randall Wray 2240:William Vickrey 2215:Steven Pressman 2170:Nicholas Kaldor 2150:Myron J. Gordon 2112:Post-Keynesians 2106: 2022:Trygve Haavelmo 1988: 1972: 1965: 1931: 1922: 1910: 1908:Daniel McFadden 1895: 1893:Vernon L. 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Krueger 690: 635: 616: 575: 543: 527:market-clearing 501: 496: 437: 435:Academic career 413:Yale University 374: 359:Joseph Stiglitz 353:, jointly with 263: 239: 232: 220: 208: 199: 195: 184:Academic career 173:Carl W. Akerlof 156: 153: 150: 1978) 145: 141: 133: 130: 1977) 121: 117: 114: 92: 85:Yale University 76: 70: 67: 61: 59: 58: 57: 47: 46:Akerlof in 2007 35: 28: 23: 22: 15: 12: 11: 5: 4454: 4452: 4444: 4443: 4438: 4433: 4428: 4423: 4418: 4413: 4408: 4403: 4398: 4393: 4388: 4383: 4378: 4373: 4368: 4363: 4358: 4353: 4348: 4343: 4338: 4333: 4328: 4323: 4318: 4313: 4308: 4303: 4298: 4293: 4283: 4282: 4276: 4275: 4273: 4272: 4266: 4260: 4254: 4248: 4242: 4236: 4230: 4224: 4218: 4215:Richard Thaler 4212: 4206: 4203:Claudia Goldin 4200: 4194: 4188: 4182: 4176: 4170: 4164: 4161:George Akerlof 4158: 4152: 4146: 4140: 4134: 4127: 4125: 4121: 4120: 4118: 4117: 4111: 4105: 4099: 4093: 4087: 4081: 4075: 4069: 4063: 4057: 4051: 4045: 4039: 4036:Gary S. Becker 4033: 4027: 4021: 4015: 4009: 4006:Gardner Ackley 4003: 3997: 3991: 3985: 3979: 3976:Jacob Marschak 3973: 3967: 3960: 3958: 3954: 3953: 3951: 3950: 3944: 3938: 3932: 3926: 3920: 3914: 3908: 3902: 3896: 3890: 3884: 3878: 3872: 3866: 3860: 3854: 3848: 3842: 3836: 3833:Edwin E. Witte 3830: 3824: 3818: 3812: 3806: 3799: 3797: 3793: 3792: 3790: 3789: 3783: 3777: 3771: 3765: 3759: 3753: 3747: 3741: 3735: 3729: 3723: 3717: 3711: 3705: 3699: 3693: 3687: 3681: 3675: 3669: 3663: 3657: 3654:Fred M. Taylor 3651: 3645: 3638: 3636: 3632: 3631: 3629: 3628: 3625:Allyn A. Young 3622: 3616: 3610: 3604: 3598: 3592: 3586: 3580: 3574: 3568: 3562: 3556: 3550: 3544: 3538: 3532: 3529:Davis R. Dewey 3526: 3520: 3514: 3508: 3501: 3499: 3495: 3494: 3492: 3491: 3488:Richard T. Ely 3485: 3479: 3476:Henry C. 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Lerner 2192: 2187: 2182: 2177: 2175:Michał Kalecki 2172: 2167: 2162: 2160:Michael Hudson 2157: 2155:Geoff Harcourt 2152: 2147: 2142: 2137: 2132: 2127: 2122: 2120:Victoria Chick 2116: 2114: 2108: 2107: 2105: 2104: 2099: 2094: 2092:Paul Samuelson 2089: 2084: 2079: 2074: 2069: 2067:Robert Mundell 2064: 2059: 2054: 2049: 2047:Lawrence Klein 2044: 2039: 2034: 2029: 2024: 2019: 2014: 2009: 2007:William Baumol 2004: 2002:Gardner Ackley 1998: 1996: 1994:Neo-Keynesians 1990: 1989: 1987: 1986: 1980: 1978: 1974: 1973: 1970: 1966: 1964: 1963: 1956: 1949: 1941: 1933: 1932: 1927: 1924: 1911: 1906: 1902: 1901: 1897: 1896: 1887: 1884: 1864: 1855: 1851: 1850: 1844: 1843: 1837: 1830: 1829: 1825: 1824: 1802: 1788: 1777: 1774: 1773: 1772: 1760: 1748:George Akerlof 1745: 1736: 1725: 1722: 1720: 1719:External links 1717: 1714: 1713: 1681: 1642: 1606: 1572: 1551: 1521: 1495: 1473: 1448: 1435: 1428: 1403: 1388: 1368: 1334: 1284: 1251: 1234:Google Scholar 1220: 1208: 1174: 1164:George Akerlof 1145: 1132: 1112: 1099: 1073: 1035: 983: 954: 953: 951: 948: 947: 946: 939: 936: 935: 934: 915: 885: 864: 853: 842:, 19(1), pp. 836: 821: 817:, 115(3), pp. 811: 808: 797: 781: 780: 760: 758: 747: 744: 689: 686: 634: 631: 615: 612: 603:out-of-wedlock 574: 571: 547:Rachel Kranton 542: 539: 537:to economics. 500: 497: 495: 492: 436: 433: 373: 370: 355:Michael Spence 330: 329: 326: 325: 322: 321: 313: 307: 306: 302: 301: 298: 297: 294: 293: 290: 289: 279: 278: 272: 268: 267: 258: 254: 253: 248: 244: 243: 241:Adriana Kugler 234: 228: 227: 222: 216: 215: 210: 207:School or 204: 203: 190: 186: 185: 181: 180: 177: 176: 170: 166: 165: 162: 158: 157: 155: 154: 143: 137: 136: 134: 119: 115: 112: 111: 108: 106: 102: 101: 82: 78: 77: 71: 55: 53: 49: 48: 45: 37: 36: 34:George Akerlof 33: 26: 24: 14: 13: 10: 9: 6: 4: 3: 2: 4453: 4442: 4439: 4437: 4434: 4432: 4429: 4427: 4424: 4422: 4419: 4417: 4414: 4412: 4409: 4407: 4404: 4402: 4399: 4397: 4394: 4392: 4389: 4387: 4384: 4382: 4379: 4377: 4374: 4372: 4369: 4367: 4364: 4362: 4359: 4357: 4354: 4352: 4349: 4347: 4344: 4342: 4339: 4337: 4334: 4332: 4329: 4327: 4324: 4322: 4319: 4317: 4314: 4312: 4309: 4307: 4304: 4302: 4299: 4297: 4296:Living people 4294: 4292: 4289: 4288: 4286: 4270: 4267: 4264: 4261: 4258: 4255: 4252: 4249: 4246: 4243: 4240: 4237: 4234: 4231: 4228: 4227:Alvin E. Roth 4225: 4222: 4219: 4216: 4213: 4210: 4207: 4204: 4201: 4198: 4195: 4192: 4189: 4186: 4183: 4180: 4177: 4174: 4173:Avinash Dixit 4171: 4168: 4165: 4162: 4159: 4156: 4153: 4150: 4147: 4144: 4143:Peter Diamond 4141: 4138: 4135: 4132: 4131:Sherwin Rosen 4129: 4128: 4126: 4122: 4115: 4112: 4109: 4106: 4103: 4100: 4097: 4094: 4091: 4088: 4085: 4082: 4079: 4076: 4073: 4072:Zvi Griliches 4070: 4067: 4064: 4061: 4058: 4055: 4054:Gérard Debreu 4052: 4049: 4046: 4043: 4042:Robert Eisner 4040: 4037: 4034: 4031: 4028: 4025: 4022: 4019: 4016: 4013: 4010: 4007: 4004: 4001: 3998: 3995: 3992: 3989: 3986: 3983: 3980: 3977: 3974: 3971: 3968: 3965: 3962: 3961: 3959: 3955: 3948: 3945: 3942: 3939: 3936: 3933: 3930: 3927: 3924: 3921: 3918: 3915: 3912: 3909: 3906: 3903: 3900: 3897: 3894: 3893:Fritz Machlup 3891: 3888: 3885: 3882: 3879: 3876: 3873: 3870: 3867: 3864: 3861: 3858: 3855: 3852: 3849: 3846: 3843: 3840: 3837: 3834: 3831: 3828: 3827:John D. Black 3825: 3822: 3821:Simon Kuznets 3819: 3816: 3813: 3810: 3807: 3804: 3801: 3800: 3798: 3794: 3787: 3784: 3781: 3778: 3775: 3772: 3769: 3766: 3763: 3760: 3757: 3754: 3751: 3748: 3745: 3742: 3739: 3736: 3733: 3730: 3727: 3724: 3721: 3718: 3715: 3712: 3709: 3706: 3703: 3700: 3697: 3696:John M. Clark 3694: 3691: 3688: 3685: 3682: 3679: 3676: 3673: 3670: 3667: 3664: 3661: 3658: 3655: 3652: 3649: 3646: 3643: 3640: 3639: 3637: 3633: 3626: 3623: 3620: 3617: 3614: 3613:Carl C. Plehn 3611: 3608: 3605: 3602: 3599: 3596: 3593: 3590: 3587: 3584: 3583:Irving Fisher 3581: 3578: 3575: 3572: 3569: 3566: 3563: 3560: 3557: 3554: 3551: 3548: 3545: 3542: 3539: 3536: 3533: 3530: 3527: 3524: 3521: 3518: 3515: 3512: 3511:F. W. Taussig 3509: 3506: 3503: 3502: 3500: 3496: 3489: 3486: 3483: 3480: 3477: 3474: 3471: 3470:John B. 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Gray 3553:David Kinley 3376: 3318: 3184:Ryōji Noyori 3101:Ben Bernanke 3090:Guido Imbens 3067:Paul Milgrom 3052:Esther Duflo 3005:Angus Deaton 2921:Paul Krugman 2832: 2824:2001–present 2590:Bertil Ohlin 2413:Janet Yellen 2363:Ricardo Reis 2338:Paul Krugman 2318:Mark Gertler 2283:Alan Blinder 2273:Ben Bernanke 2267: 2200:Hyman Minsky 2165:Richard Kahn 2145:Wynne Godley 2097:Robert Solow 2077:Don Patinkin 2027:Alvin Hansen 1913: 1875: 1872:2001 1866: 1820:Liberty Fund 1809: 1757: 1705:. Retrieved 1698:the original 1684: 1672:. Retrieved 1660: 1633:. Retrieved 1621: 1609: 1597:. Retrieved 1585: 1575: 1564:. Retrieved 1554: 1542:. Retrieved 1533: 1524: 1512:. Retrieved 1508: 1498: 1486:. Retrieved 1476: 1464:. Retrieved 1451: 1443: 1438: 1418: 1406: 1397: 1391: 1383:the original 1377: 1371: 1347: 1343: 1337: 1305: 1301: 1287: 1277: 1271: 1265: 1259: 1254: 1243:. Retrieved 1239:the original 1232: 1223: 1211: 1199:. Retrieved 1190: 1177: 1137:. Retrieved 1122: 1115: 1104:. 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Index

George A. Akerlof

New Haven, Connecticut
Yale University
BA
Massachusetts Institute of Technology
PhD
Janet Yellen
Carl W. Akerlof
Georgetown University
London School of Economics
University of California, Berkeley
New Keynesian economics
Robert Solow
Charles Engel
Adriana Kugler
John Maynard Keynes
Information asymmetry
Efficiency wages
Nobel Memorial Prize in Economic Sciences
Information
IDEAS / RePEc
Thesis
Wages and capital
McCourt School of Public Policy
Georgetown University
University of California, Berkeley
Nobel Memorial Prize in Economic Sciences
Michael Spence
Joseph Stiglitz

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