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George Akerlof

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George Akerlof
An American economist and academic born in 1940. He is most noted for his work on information asymmetry, which summarizes how economic actors use and share information in order to gain advantages in the market. Akerlof argues, contrary to neo-classical economics, that markets usually are inefficient because information is not spread evenly. He shared the Nobel Prize for Economics in 2001 for this work. Akerlof has also been noted for his work on the social effects of economic choices, particularly with regard to the availability of contraceptives and legal abortion.


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McFadden, George Akerlof, Michael Spence, Joseph Stiglitz, Daniel Kahneman, Vernon Smith, Paul Sweezy, Clive W.
George Akerlof , a Nobel laureate in economics, is Professor of economics at the University of California, Berkeley.
Robert Shiller, Professor of Economics at Yale University, is co-author, with George Akerlof, of Animal Spirits: How Human Psychology Drives the Economy and Why It Matters for Global Capitalism Project Syndicate Copyright 2009 Khaleej Times.
 
 
 
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