August 5, 2015

George Akerlof was co-recipient of the Nobel Prize in Economic Sciences in 2001, along with Michael Spence and Joseph Stiglitz . He was honored for his theory of asymmetric information and its effect on economic behavior. Akerlof was educated at Yale and the Massachusetts Institute of Technology, where he received his Ph.D in 1966. He became a full professor at University of California, Berkeley in 1978. He also has been President of the American Economic Association, and on the North American […]