George Akerlof
#1441 Overall Influence

George Akerlof

American economist and Koshland Professor of Economics

About

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.

GU Academic Website

UC Berkeley Website

Featured in Top Influential Economists Today

Other Resources

Schools

What schools is this person affiliated with?
University of California, Berkeley
University of California, Berkeley

Public research university in Berkeley, California, United States

view profile
University of London
University of London

Federal research university in London, England

view profile
Massachusetts Institute of Technology
Massachusetts Institute of Technology

Research university in Cambridge, Massachusetts, United States

view profile
Georgetown University
Georgetown University

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

view profile
Yale University
Yale University

Private research university in New Haven, Connecticut, United States

view profile

Notable Works

What contributions to academia has this person made?

    Influence Rankings by Discipline

    How’s this person influential?
    #32 World Rank #14 USA Rank
    Economics