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GEORGE A. AKERLOF - An Economic Theorist’s Book of Tales. Essays that Entertain the Consequences of New Assumptions in the Economic Theory

Author

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  • Barna, Cristina

    (Spiru Haret University, Faculty of Marketing and International Business)

Abstract

George Arthur Akerlof (born June 17, 1940) is an American economist and Professor of Economics at the University of California, Berkeley. In 2001, he won the Nobel Prize in Economics (shared with Michael Spence and Jose E. Stiglitz), for the article, “The Market for Lemons: Quality Uncertainty and the Market Mechanism”, published in Quarterly Journal of Economics in 1970, in which he identified certain severe problems that afflict markets characterized by asymmetrical information. He is also known for the role he played in approaching the behaviorist economy.

Suggested Citation

  • Barna, Cristina, 2009. "GEORGE A. AKERLOF - An Economic Theorist’s Book of Tales. Essays that Entertain the Consequences of New Assumptions in the Economic Theory," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 1(1), pages 201-202.
    • Handle: RePEc:ris:sphecs:0019
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    Keywords

    Economic; Theorist;

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists

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