George Akerlof
Economist and Nobel Prize laureate
Born
June 17th, 1940
85 years ago
Category
Scientists & Innovators
Country
United States
Links & References
An economist and academic, contributions include foundational work in the field of economics, particularly in information asymmetry and market failure. Akerlof's seminal paper, "The Market for Lemons," explored how quality uncertainty in markets leads to adverse selection. Akerlof co-authored influential works on behavioral economics and contributed to the analysis of various economic phenomena. A significant academic presence, Akerlof served as a professor at the University of California, Berkeley, and published extensively on economic theory and its implications.
Won the Nobel Prize in Economic Sciences in 2001
Published 'The Market for Lemons' in 1970
Explored behavioral economics with various co-authors
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