George Akerlof
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by George Akerlof
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The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today....
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by George Akerlof
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Ever since Adam Smith, the central teaching of economics has been that free markets provide us with material well-being, as if by an invisible hand.
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by George Akerlof
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In 1995, economist Rachel Kranton wrote future Nobel Prize - winner George Akerlof a letter insisting that his most recent paper was wrong. Identity, she argued, was the missing element that would help to explain why people - facing the same economic circumstances - would make different choices.
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