George A. Akerlof

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Dictionary Says

Definition of 'George A. Akerlof'

A winner of the 2001 Nobel Prize in Economics, along with Michael Spence and Joseph Stiglitz, for his theory of information asymmetry as expressed in his famous 1970 paper, “The Market for Lemons,” which discusses imperfect information in the market for used cars. He is also well known for his efficiency wage hypothesis, which suggests that wages are determined by the efficiency goals of employers in addition to supply and demand forces.
Investopedia Says

Investopedia explains 'George A. Akerlof'

Akerlof is an economics professor at the University of California at Berkeley; he also taught briefly at the London School of Economics. He was born in Connecticut in 1940 and earned his PhD from the Massachusetts Institute of Technology. Akerlof’s research focuses on macroeconomics, monetary theory and behavioral economics.

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'George A. Akerlof'

  • How To Avoid Buying A "Lemon" Product

    http://www.investopedia.com/articles/pf/11/solutions-to-lemon-problem.asp
    ... Origins of the Lemons Problem Theory The lemons problem theory was described by
    George Akerlof in a 1970 paper titled "The Market for Lemons: Quality ...

  • 10 Great Finance Books Of 2009 - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1209/10-Great-Finance-Books-Of-2009.aspx
    ... "Animal Spirits: How Human Psychology Drives the Economy, and Why it Matters for
    Global Capitalism" by George Akerlof and Robert Shiller This book takes ...

  • Industries Prone To Bubbles And Why

    http://www.investopedia.com/articles/financial-theory/11/industries-prone-to-bubbles-and-why.asp
    ... tax deduction and the government backing of mortgage loans make real estate
    artificially cheap; and, as Shiller and fellow economist George Akerlof pointed ...

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