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George Akerlof

b. 1940

George Akerlof is an American economist born in 1940, best known for his seminal 1970 paper 'The Market for Lemons,' which introduced the concept of asymmetric information and earned him the 2001 Nobel Memorial Prize in Economic Sciences. His work spans behavioral economics, macroeconomics, and the role of identity and social norms in economic decision-making, often challenging neoclassical assumptions.

Economics

The Market for Lemons: Quality Uncertainty and the Market Mechanism
A Theory of Social Custom, of Which Unemployment May Be One Consequence
Labor Contracts as Partial Gift Exchange
The Economics of Caste and of the Rat Race and Other Woeful Tales
An Economic Theorist's Book of Tales
Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being
Phishing for Phools: The Economics of Manipulation and Deception

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