#1167 Overall Influence

George Akerlof

American economist and Koshland Professor of Economics


Why is this person notable and influential?

George Akerlof is a university professor at Georgetown University’s McCourt School of Public Policy and an emeritus professor at the University of California, Berkeley. He earned a B.A. degree from Yale University and a Ph.D from the Massachusetts Institute of Technology.

The Market for Lemons: Quality Uncertainty and the Market Mechanism is Akerlof’s best-known work, examining how consumer demand for “lemon” prices among used car dealerships drives “peaches” out of the market, resulting in a market that is majority lemon and seldom yields a peach. His research eventually led to current lemon laws, in an effort to better protect consumers from larger, hidden market forces.

His other research interests have included identity economics, efficiency wages, reproductive technology, security, and macroeconomics. Akerlof serves as a trustee for Economists for Peace and Security. His work with Paul Romer yielded Looting: The Economic Underworld of Bankruptcy for Profit, which highlights the loopholes and systemic flaws of bankruptcy protection, allowing some companies to profit from it.

He was a co-winner of the Nobel Memorial Prize in Economic Sciences in 2001, with Michael Spence and Joseph Stiglitz. He is a fellow of the American Academy of Arts and Sciences and has a seat on the advisory board for the Institute for New Economic Thinking.

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From Wikipedia

George Arthur Akerlof is an American economist who is a university professor at the McCourt School of Public Policy at Georgetown University and Koshland Professor of Economics Emeritus at the University of California, Berkeley. He won the 2001 Nobel Memorial Prize in Economic Sciences .

Source: Wikipedia

Published Works

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What schools is this person affiliated with?

University of California, Berkeley

Public research university in Berkeley, California, United States

Massachusetts Institute of Technology

Research university in Cambridge, Massachusetts, United States

Georgetown University

Private university in Washington, D.C., United States

Yale University

Private research university in New Haven, Connecticut, United States

Influence Rankings by Discipline

How’s this person influential?
#52 World Rank
#5108 World Rank
#6489 World Rank
Political Science
#9281 World Rank
#9847 World Rank
#10944 World Rank
#13727 World Rank
#18683 World Rank
#24574 World Rank
#50861 World Rank
#124008 World Rank