Not only is it necessary to impose a stronger burden of justice on billionaires, but more importantly, it is possible.” Seven Nobel laureates on Monday published an op-ed advocating for “a minimum tax ...

Seven Nobel Prize-winning economists on Monday called for the implementation of a minimum tax on the wealth of the ultra-rich ...

Akerlof proposed strong warranties to thwart the lemons problem, as they can protect a buyer from any consequences of buying a lemon.

(George Akerlof and Rachel Kranton’s Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being is one such source.) ...

Prof George Akerlof, in his 1970 paper, used the metaphor of the “Lemon” to describe how markets collapse when quality cannot be verified. In the used car market, dishonest sellers push poor ...

But as the (married!) economists George Akerlof and Janet Yellen observed in a famous 1996 paper, contraception helped disentangle sex and marriage.

In 1970, Nobel laureate George Akerlof’s seminal essay “The Market for Lemons” described a situation when consumers can no longer distinguish between a high or low-quality product ...

The Nobel Prize-winning economist George Akerlof and his wife, Janet Yellen, now secretary of the Treasury, demonstrated in two articles in 1996 that Roe had produced what they called ...

As Treasury Secretary Janet Yellen and her Nobel Prize-winning husband George Akerlof showed in a 1996 article they published in the Quarterly Journal of Economics, the new regime of legal ...