The theory that the relationship recession is driven by young men falling behind seems to hold up in the U.S. But what about ...

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 ...

Georgetown University economist George Akerlof contributed to the development of the field of behavioral economics when he developed an understanding of efficiency wages as a sort of gift exchange.

buys a car by applying the logic of "asymmetric information," also known as the "Lemon Problem," that would later win George Akerlof a Nobel prize. State of play: If you read the book, keep a ...