George Akerlof

Professor, Georgetown University

George Akerlof is University Professor at the McCourt School of Public Policy of Georgetown University. In 2001 he was co-recipient of the Prize in Economic Sciences in honor of Alfred Nobel. The Nobel Committee cited Akerlof’s 1970 paper, “The Market for ‘Lemons,’” which for the first time described the role of asymmetric information in causing market perversity. Dr. Akerlof has also pioneered in the application of sociology and psychology to the workings of the macroeconomy. He is the co-author with Robert Shiller of Animal Spirits (2009) and Phishing for Phools (2015) and with Rachel Kranton of Identity Economics (2010).