George Akerlof was awarded the Nobel Prize in Economic Sciences in 2001, jointly with A Michael Spence and Joseph Stiglitz, for their analyses of markets with asymmetric information. The award came ...

These developments might have upset George Stigler but not his namesake, George Akerlof, a 2001 economics Nobel laureate. He says it has long been his “dream” to have a macroeconomics grounded in the ...

George Akerlof, “The Economics of Caste and of the Rat Race and Other Woeful Tales,” The Quarterly Journal of Economics 90 (4) (1976): 599–617; James B. Rebitzer and Lowell J. Taylor, “Do Labor ...