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Animal Spirits. (book) Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism (2009) is a book by economists George Akerlof and Robert Shiller written to promote the understanding of the role played by emotions in influencing economic decision making. According to the authors, economists have tended to ...
George Akerlof. George Arthur Akerlof (born June 17, 1940) is an American economist and 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. [2][3] Akerlof was awarded the 2001 Nobel Memorial Prize in Economic Sciences ...
The Market for Lemons. "The Market for 'Lemons': Quality Uncertainty and the Market Mechanism" [1] is a widely cited seminal paper in the field of economics which explores the concept of asymmetric information in markets. The paper was written in 1970 by George Akerlof and published in the Quarterly Journal of Economics.
[243] [21] Their son, Robert Akerlof (born 1981), is a fellow economist. He received a bachelor's summa cum laude in economics and mathematics from Yale University and earned his PhD in economics from Harvard University, where he was a Presidential Scholar. Robert is an associate professor of economics at the University of Warwick. [244]
In 2009, economists George Akerlof and Robert J. Shiller advised in addition that: The proper role of the government, like the proper role of the advice-book parent, is to set the stage. The stage should give full rein to the creativity of capitalism. But it should also countervail the excesses that occur because of our animal spirits.
George Akerlof (born 1940), ... Robert Barro (born 1944), American macroeconomist, presently the Paul M. Warburg Professor of Economics at Harvard University;
Robert J. Shiller. Robert James Shiller (born March 29, 1946) [4] is an American economist, academic, and author. As of 2022, [5] he served as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management 's International Center for Finance. [6] Shiller has been a research associate of the National Bureau ...
Updated June 25, 2024 at 7:56 PM. Sixteen Nobel Prize -winning economists signed a joint letter Tuesday warning of what they see as economic risks if former President Donald Trump were to serve a ...